Rothstein Trustee Fights Creditor Bid For Ch. 7 Switch

Law360, New York (April 11, 2013, 2:05 PM EDT) -- The trustee for convicted Ponzi schemer Scott Rothstein's bankrupt law firm urged a Florida federal judge Wednesday not to convert the case to a Chapter 7 liquidation, saying the firm's creditors are trying to replace him with a fiduciary of their choosing who will "simply accede to any demand."

Herbert Stettin, the Chapter 11 trustee for Rothstein Rosenfeldt Adler PA, said the creditors failed to cite adequate law in seeking the conversion, fueling an ongoing battle over a controversial $72 million deal that would limit creditor...
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