Rothstein Feeder Fund Trustee Defends $72M TD Bank Deal

Law360, New York (June 14, 2013, 2:19 PM EDT) -- The trustee for a bankrupt feeder fund in Scott Rothstein's Ponzi scheme asked a Florida bankruptcy court Thursday to nix an attempt by the victims targeting TD Bank NA for its role in the scam to block a proposed $72 million settlement.

Robert Furr, the Chapter 7 trustee for feeder fund Banyon 1030-32 LLC, said the victims have raised “misguided” and “unfounded” claims related to subject matter jurisdiction and their attempt to block Furr’s motion seeking approval of the TD Bank settlement should be rejected outright,...
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