TD Bank Likely To Win Stay Of Rothstein Investors' Suits

Law360, Miami (April 17, 2013, 5:45 PM EDT) -- A Florida state judge on Wednesday said he is leaning toward granting a two-month stay of suits targeting TD Bank NA for its role in Scott Rothstein's Ponzi scheme while a bankruptcy judge mulls a Chapter 11 liquidation plan for Rothstein's firm that could kill the litigation.

In a hearing in the Seventeenth Judicial Circuit Court of Florida, Judge Jeffrey Streitfeld indicated that he would likely grant TD Bank's request for a 60-day stay of discovery of several lawsuits by Rothstein investors who allege the bank...
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