Ch. 11 Trustee Fights For Rothstein Firm Funds

Law360, New York (November 16, 2010, 3:26 PM EST) -- The bankruptcy trustee sifting through the ruins of Rothstein Rosenfeldt Adler PA following Scott Rothstein’s $1.2 billion Ponzi bust has challenged the district court’s decision to let the U.S. government forfeit the bulk of the firm’s assets and asked to stay the distribution process.

On Friday, Chapter 11 trustee Herbert Stettin appealed Judge James I. Cohn’s ruling in the U.S. District Court for the Southern District of Florida that allowed the government to confiscate most of RRA’s bank accounts for restitution and left minimal assets for...
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