Investors Sue Rothstein For $100M Over Ponzi Scam

Law360, New York (November 20, 2009, 5:34 PM EST) -- Investors in an allegedly fraudulent settlement funding business run by Florida attorney and socialite Scott W. Rothstein have lodged a $100 million suit in a Florida state court, the latest development in a high-profile probe into what investigators say could be a $1 billion Ponzi scheme.

The investors alleged 119 total counts against nine defendants in a 147-page complaint submitted Friday in Broward County Circuit Court, including several counts each of conversion, fraudulent misrepresentation, negligent misrepresentation, negligent supervision, breach of fiduciary duty, civil conspiracy and aiding...
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