William Prickett Quoted in The Washington Times
"Baseball Players Find Ally in SEC Cover Lawsuit"

William Prickett was quoted in the July 28, 2009 edition of The Washington Times in the article, "Baseball Players Find Ally in SEC Cover Lawsuit." The article discussed how seven former and current major league baseball players and others who made money from R. Allen Stanford's purported Ponzi scheme who are worried that their own cash will be taken, have found an unlikely ally in the Securities and Exchange Commission (SEC). According to the article, the SEC has asked a federal judge to stop the receiver from suing investors for their proceeds in the Stanford investment. The SEC wrote in a federal court filing last week that "The receiver's clawback claims against innocent investors seeking the return of principal are not supported by case law and are contrary to commission practice."

Will commented that the SEC filing is "generally unusual, but there are sort-of unique facts here that have caused the SEC to decide to make a filing and state its position." The article also noted that Will, who represents victims of convicted scammer Bernie Madoff's Ponzi scheme, added that in that case, the receiver is not seeking to seize victims' initial investments, only the phony returns that Madoff distributed.