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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