Baker Donelson Fights To Cap Damages In Timber Ponzi Case

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." Brief attached | Read full article » | Save to favorites » 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