Ponzi Victims Slam Rothstein's $72M Ch. 11 TD Bank Deal

Law360, New York (March 14, 2013, 5:06 PM EDT) -- Scott Rothstein’s Ponzi scheme victims piled on his firm’s Chapter 11 plan Wednesday, targeting a $72 million settlement with TD Bank NA that allegedly gives the bank too much power over payments to creditors while shielding it from suits over its own alleged role in the $1.2 billion scheme.

In more than a dozen objections filed in Florida bankruptcy court, the scheme’s victims and creditors of the bankrupt Rothstein Rosenfeldt Adler PA decried the TD Bank settlement as an "unfair and inequitable" deal that too easily...
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.