Insurers Paid More Than $6 Million in Stanford Legal Fees So Far

Judge Says She's Concerned About High "Burn Rate" of Insurance Money

, Texas Lawyer

Insurance companies have paid more than $6 million over the past year to lawyers representing jailed Houston businessman R. Allen Stanford, but he told a federal judge on May 25 he's not sure what all of them did for him and he has no idea what it all cost. U.S. District Judge Nancy Atlas said she's not casting aspersions on any of the lawyers, but she wants to "figure out who's in, who's out" and determine why the "burn rate" of insurance money is so high.

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