Rothstein Judge Puts The Brakes On Trustee's Ch. 11 Plan

Law360, Miami (April 12, 2013, 5:34 PM EDT) -- A Florida bankruptcy judge on Friday dealt a blow to the trustee overseeing the liquidation of convicted Ponzi schemer Scott Rothstein's law firm when he declined to allow the trustee's proposed Chapter 11 exit plan to move on to a vote by creditors.

After hearing objections from dozens of creditors, U.S. Bankruptcy Judge Raymond Ray denied approval of Rothstein Rosenfeldt Adler PA bankruptcy trustee Herbert Stettin's disclosure statement for his proposed Chapter 11 liquidation plan, essentially stalling the plan and preventing Stettin from beginning the solicitation...
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