Rothstein Trustee's Ch. 11 Plan Hangs On $72M TD Bank Deal
By Carolina Bolado
Law360, Miami (February 6, 2013, 8:43 PM EST) -- The trustee overseeing the liquidation of Ponzi schemer Scott Rothstein's firm on Tuesday filed a Chapter 11 exit plan that includes a contentious $72 million settlement with TD Bank NA that extinguishes the rights of investors to sue the bank for its role in the $1.2 billion scheme.
In a filing in the Southern District of Florida, U.S. Trustee Herbert Stettin detailed a plan that would pay out $182 million to investors swindled by Rothstein in the scheme he operated out of his law firm Rothstein...