Stanford hires civil lawyer

Reuters:

Allen Stanford, who is accused of an $8 billion fraud by U.S. regulators and had been representing himself in court matters, has hired a civil attorney in Houston, a court filing showed on Tuesday.

Jacks "J.C." Nickens, from the firm of Nickens, Keeton, Lawless, Farrell & Flack LLP, filed the papers in U.S. District Court in Dallas.

Nickens' firm successfully defended Charles Hurwitz, the embattled chairman of the Maxxam conglomerate, dubbed "Chainsaw Charlie" by environmentalists, in a 10-year legal battle with federal bank regulators after the failure of a Houston savings and loan.

Stanford, two of his top aides and three of his companies are accused by the U.S. Security and Exchange Commission of a massive Ponzi scheme involving high-yield certificates of deposit issued by his Antigua bank.

...

He has hired a good law firm and Nickens is an excellent lawyer. It appears his services will be needed. His first challenge may be getting paid since the government receiver has frozen Stanford's assets. This will be a very interesting case to follow.

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