Rothstein Bankruptcy Plan Too Sweet To TD Bank, Feds Say

Law360, New York (April 2, 2013, 2:44 PM EDT) -- The U.S. Trustee's Office has objected to $72 million earmarked for TD Bank in the Chapter 11 liquidation plan for convicted Ponzi schemer Scott Rothstein's law firm, saying the settlement gives the bank, which allegedly had a role in the scam, more than it's entitled under the Bankruptcy Code.

The objection, filed Monday by Acting U.S. Trustee Guy G. Gebhardt in U.S. Bankruptcy Court for the Southern District of Florida, maintains that TD Bank is only entitled to get $10.3 million as Rothstein Rosenfeldt Adler PA...
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