Rothstein Bankruptcy Plan Too Sweet To TD Bank, Feds Say

Law360, New York (April 2, 2013, 2:44 PM EDT) -- The U.S. Trustee's Office has objected to $72 million earmarked for TD Bank in the Chapter 11 liquidation plan for convicted Ponzi schemer Scott Rothstein's law firm, saying the settlement gives the bank, which allegedly had a role in the scam, more than it's entitled under the Bankruptcy Code.

The objection, filed Monday by Acting U.S. Trustee Guy G. Gebhardt in U.S. Bankruptcy Court for the Southern District of Florida, maintains that TD Bank is only entitled to get $10.3 million as Rothstein Rosenfeldt Adler PA...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Rothstein Rosenfeldt Adler, PA


Case Number

0:09-bk-34791

Court

Florida Southern

Nature of Suit

Date Filed

November 10, 2009

Law Firms

Companies

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.