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August 3, 2009 12:06 PM

Stanford Swaps Lawyers

Posted by Zach Lowe

A quick update to the Allen Stanford fraud case: Dick DeGuerin, the Texas criminal defense attorney who has been representing Stanford for several weeks, has backed out of the case, citing Stanford's inability to guarantee payment of future legal fees, according to the Houston Chronicle

Robert Luskin, a partner at Patton Boggs, is taking over Stanford's defense, according to court records. As we've written before, Patton Boggs has been assisting local counsel with Stanford's defense, and in June asked the judge handling the case to disqualify Baker Botts from representing the court-appointed receiver. 

Luskin did not immediately respond to messages seeking comment about the firm's representation of Stanford. Luskin has been in the news for several high-profile assignments in the last few years, including his representation of Karl Rove in the Valerie Plame matter, the Chronicle notes. He also represented former Milberg Weiss partner David Bershad in Bershad's criminal case. 

DeGuerin's move to step away from the case is not a surprise, even if it means we won't see one of Texas's most colorful attorneys in the Stanford spotlight. (DeGuerin, as we noted here, keeps a bull's scrotum in his office to commemorate a major litigation win). He told Bloomberg in the spring that he would not represent Stanford for free.

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