Baker Donelson Fights To Cap Damages In Timber Ponzi Case

[Gunnar Larson]

Baker Donelson Fights To Cap Damages In Timber Ponzi Case

By Emily Sawicki

Facing a potential jury trial over allegations it allowed a nine-figure
Ponzi scheme to play out under the nose of its Jackson, Mississippi,
office, Baker Donelson is asking a federal judge to limit potential
compensatory damages to investors' net losses of principal, arguing that
"there are no recoverable profits in a Ponzi scheme."

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https://www.law360.com/fintech/articles/1706588?nl_pk=bd316618-088c-4274-abbf-01c54bb1b1b8&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2023-08-03&read_main=1&nlsidx=1&nlaidx=11
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