Rothstein Creditors Gambling On Litigation, TD Bank Says

Law360, Chicago (April 9, 2013, 5:14 PM EDT) -- TD Bank NA on Tuesday defended the liquidation plan for convicted Ponzi schemer Scott Rothstein’s law firm, which shields the bank from further claims over its alleged role in the $1.2 billion fraud, accusing objecting creditors of gambling on a bid to sue the bank for more than what they are owed.

In a statement filed in Florida bankruptcy court, TD Bank said it is providing $72.45 million under the plan that will pay back the firm’s general unsecured creditors at or near the full amount...
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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

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