TD Bank Allays Investors' Rothstein Ponzi Claims For $170M

Law360, New York (February 28, 2012, 10:51 PM EST) -- Toronto-Dominion Bank on Tuesday settled for a reported $170 million accusations from Razorback Funding LLC investors that the bank's employees had helped former Florida attorney Scott Rothstein in his $1.2 billion Ponzi scheme.

A spokeswoman for TD Bank confirmed the settlement had been reached but declined to comment on the amount of the deal.

“We feel it is in the bank’s best interest to put this matter behind us,” TD bank spokeswoman Rebecca Acevedo said Tuesday.

TD will pay $100 million to the 55 Razorback investors,...
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