Lexington Asks For $10M Limit In Rothstein Ponzi Suit

Law360, Los Angeles (April 18, 2012, 6:56 PM EDT) -- Lexington Insurance Co. asked a Florida bankruptcy judge Tuesday to amend his order that it pay $10 million to settle claims against convicted Ponzi schemer Scott Rothstein’s accountants, saying ambiguities could leave it vulnerable to double-payment in resolving claims related to Rothstein’s $1.2 billion scheme.

Attorneys for Lexington, the liability insurer for accounting firm Berenfeld Spritzer Shechter & Sheer LLP, filed a motion asking U.S. Bankruptcy Judge Raymond B. Ray to clarify his April 9 order requiring it to pay $10 million to Razorback Investors LLC...
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