Rothstein Trustee Goes After Hedge Fund Heads For $40M

Law360, New York (August 30, 2011, 3:32 PM EDT) -- The Chapter 11 trustee overseeing Rothstein Rosenfeldt Adler PA's liquidation filed a new, $40 million adversary suit Monday, targeting three hedge fund managers, their wives and related companies for capitalizing on Scott Rothstein's $1.2 billion Ponzi scheme.

The suit — which names Regent Capital Partners LLC; Murray and Laura Huberfeld; the Bodner Family Foundations and David and Naomi Bodner; husband and wife Mark Nordlicht and Dahlia Kalter; and SFS Capital Funding LLC — seeks to recover fraudulent transfers the defendants allegedly received from the law firm,...
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