Rothstein Accountant's Insurer Must Hand $10M To Trustee

Law360, New York (April 10, 2012, 10:49 PM EDT) -- A Florida federal judge on Monday ordered the liability insurer for the accounting firm of Rothstein Rosenfeldt Adler PA — convicted Ponzi schemer Scott Rothstein’s law firm — to pay RRA's trustee $10 million it had agreed to pay to settle claims that the accounting firm enabled the $1.2 billion scheme.

U.S. Bankruptcy Judge Raymond B. Ray found that orders approving the settlement agreement between defunct law firm RRA’s trustee Herbert Stettin, Razorback Funding LLC investors and Lexington Insurance Co., which insured RRA’s accounting firm Berenfeld...
To view the full article, register now.




Case Information

Case Title

Rothstein Rosenfeldt Adler, PA

Case Number



Florida Southern

Nature of Suit

Date Filed

November 10, 2009

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.