Rothstein Investor Can Recoup $25M Clawback Settlement

Law360, New York (March 14, 2012, 8:41 PM EDT) -- A Florida federal judge abruptly reversed course Wednesday and allowed Miami businessman Ira Sochet to increase his claim against jailed Ponzi schemer Scott Rothstein by $25 million, the amount Sochet previously paid to settle a clawback suit by Rothstein’s bankruptcy trustee.

U.S. District Judge James I. Cohn granted Sochet’s motion to reconsider a March 6 order that had prevented him from expanding his $43 million restitution claim in Rothstein’s criminal case. Sochet filed the claim in April, months before he agreed to pay $25 million to...
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