Rothstein Firm's Exit Plan OK'd After Settlement With Victims

Law360, Miami (July 11, 2013, 6:37 PM EDT) -- A Florida bankruptcy judge on Thursday confirmed the Chapter 11 liquidation plan of Ponzi schemer Scott Rothstein's law firm after objections from victims of the $1.2 billion scheme were resolved in a $54 million settlement with TD Bank NA.

U.S. Bankruptcy Judge Raymond Ray approved the amended liquidation plan, which some creditors had opposed because a provision of the centerpiece $72 million deal between the Rothstein Rosenfeldt Adler PA estate and TD Bank barred suits against the bank over its alleged role in the scheme....
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