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TD Bank Has 2 Weeks To Pay Rothstein Ponzi Investors $67M

Law360, Miami (February 11, 2015, 8:33 PM EST) -- A Florida federal judge on Wednesday ordered TD Bank NA to pay $67 million within 14 days to a group of investors in jailed attorney Scott Rothstein's $1.2 billion Ponzi scheme after denying the bank's request to reduce the award.

U.S. District Judge Marcia G. Cooke's order brings substantial closure to a drawn-out fight over the jury award won three years ago by Texas-based Coquina Investments LLC.

The $67 million verdict, made up of $32 million in compensatory damages and $35 million in punitive damages, was affirmed by the Eleventh Circuit in July. The appeals court has since refused to rehear...

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Attached Documents



Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Florida Southern

Nature of Suit

Racketeer/Corrupt Organization


Subscribers Only

Date Filed

May 12, 2010

Law Firms


Government Agencies