TD Bank Reveals $52M In Secret Rothstein Settlements

Law360, Miami (April 4, 2013, 7:42 PM EDT) -- TD Bank NA revealed $52 million in confidential settlements with investors in Scott Rothstein's Ponzi scheme over the bank's alleged role in the $1.2 billion fraud, according to filings made Tuesday in the Chapter 11 liquidation of Rothstein's firm.

Herbert Stettin, the Chapter 11 trustee overseeing the liquidation of Rothstein Rosenfeldt Adler PA, filed a notice detailing each of the bank's settlements made to investors after U.S. Bankruptcy Judge Raymond Ray last month requested the disclosure of any deals with creditors in the Rothstein bankruptcy or...
To view the full article, register now.