Judge OKs Settlement Over Miami Investor's Rothstein Claims

Law360, Miami (June 20, 2013, 7:38 PM EDT) -- A Florida bankruptcy court Wednesday approved a settlement between the trustee overseeing the liquidation of Ponzi schemer Scott Rothstein's law firm and former Rothstein investor Ira Sochet over Sochet's previously negotiated claims.

The Miami businessman's entities Ira Sochet Inter Vivos Revocable Trust and Investors Risk Advantage LP will be deemed to hold an allowed general nonpriority unsecured claim of $20 million against the Rothstein Rosenfeldt Adler PA estate and will be permitted to pursue claims against third parties up to a total recovery of $29.5 million,...
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