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TD Bank Asks 11th Circ To Return $67M Ponzi Settlement

Law360, New York (April 2, 2015, 5:16 PM EDT) -- TD Bank NA is urging the Eleventh Circuit to nix the bulk of a $67 million settlement won by investors in Rothstein's $1.2 billion Ponzi scheme, saying that it already paid into the bankruptcy fund from which the investors can draw.

TD said in a brief to the appeals court Tuesday that the only out of pocket damages won by Coquina Investments amounted to $7.5 million and that the investment firm was attempting to hold on to the remaining judgment because investors could never have taken...
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Case Information

Case Title

Coquina Investments v. TD Bank, N.A.

Case Number



Appellate - 11th Circuit

Nature of Suit

3470 RICO Act

Date Filed

February 16, 2015

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