Banyon Trustee Sues Insurers To Cover $70M In Ponzi Losses

Law360, New York (August 27, 2012, 9:25 PM EDT) -- The trustee for the bankrupt parent company of Banyon Capital LLP, a hedge fund linked to convicted Ponzi schemer Scott W. Rothstein, sued a collection of eight insurers in Florida bankruptcy court on Friday over their attempts to dodge $70 million in commercial crime insurance coverage.

Robert Furr, Chapter 7 trustee for Banyon 1030-32 LLC, filed an adversary complaint in Banyon’s bankruptcy proceeding against the insurers, who say contracts indemnifying the company for losses resulting from Rothstein’s theft are void as a result of misrepresentations made...
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Case Information

Case Title

Banyon 1030-32, LLC


Case Number

0:10-bk-33691

Court

Florida Southern

Nature of Suit

Date Filed

August 12, 2010

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