TD Bank Loses Bid To Keep Rothstein Suit In Bankruptcy Court

Law360, Miami (April 23, 2013, 8:10 PM EDT) -- A Florida federal judge on Tuesday remanded to state court an investor suit accusing TD Bank NA of helping Scott Rothstein operate a $1.2 billion Ponzi scheme after a bankruptcy judge deemed the claims not essential to the Chapter 11 proceedings of Rothstein's law firm.

U.S. District Judge William P. Dimitrouleas adopted the report and recommendation of U.S. Bankruptcy Judge Raymond Ray to remand the suit, led by investor Don Beverly, back to the Seventh Judicial Circuit Court of Florida, where several similar investor suits are...
To view the full article, register now.




Case Information

Case Title

Beverly v. TD Bank, N.A.

Case Number



Florida Southern

Nature of Suit

Fraud or Truth-In-Lending


William P. Dimitrouleas

Date Filed

January 25, 2013

Law Firms


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.