Rothstein Victims Balk At $70M Gibraltar Bank Settlement

Law360, New York (February 23, 2012, 7:45 PM EST) -- Victims of attorney Scott Rothstein's $1.2 billion Ponzi scheme objected Wednesday to a $70 million settlement with Florida's Gibraltar Private Bank & Trust over its alleged role in the scheme, saying a provision barring other suits against Gibraltar exceeds the bankruptcy court's jurisdiction.

Razorback Funding LLC and others who say they lost a total of $160 million in the scam asked a Florida federal court to withdraw the Feb. 16 settlement proposal from the bankruptcy court, saying that under last year's U.S. Supreme Court ruling in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Rothstein Rosenfeldt Adler, PA


Case Number

0:09-bk-34791

Court

Florida Southern

Nature of Suit

Date Filed

November 10, 2009

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.