Fla. Judge Holds Off On Ch. 7 Option For Rothstein Firm

Law360, Miami (May 15, 2013, 6:48 PM EDT) -- A Florida bankruptcy judge on Tuesday agreed to stall the proposed conversion of the bankruptcy of Ponzi schemer Scott Rothstein's law firm to a Chapter 7 proceeding while the court considers an amended Chapter 11 liquidation plan.

U.S. Bankruptcy Judge Raymond Ray granted Rothstein Rosenfeldt Adler RA trustee Herbert Stettin's request to abate any discovery or other advancement of a conversion motion filed by a group of creditors opposed to the Chapter 11 plan, according to a transcript of the hearing.

The judge also said that...
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