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,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Rothstein Rosenfeldt Adler, PA


Case Number

0:09-bk-34791

Court

Florida Southern

Nature of Suit

Date Filed

November 10, 2009

Law Firms

Companies

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.