April 12, 2013
A Florida bankruptcy judge on Friday dealt a blow to the trustee overseeing the liquidation of convicted Ponzi schemer Scott Rothstein's law firm when he declined to allow the trustee's proposed Chapter 11 exit plan to move on to a vote by creditors.
April 11, 2013
The trustee for convicted Ponzi schemer Scott Rothstein's bankrupt law firm urged a Florida federal judge Wednesday not to convert the case to a Chapter 7 liquidation, saying the firm's creditors are trying to replace him with a fiduciary of their choosing who will "simply accede to any demand."
April 10, 2013
The federal government on Tuesday urged a Florida bankruptcy judge to shield its law firm from a subpoena issued by lawyers for Gianni Versace's former South Beach mansion, in which convicted Ponzi schemer Scott Rothstein had invested money.
April 09, 2013
TD Bank NA on Tuesday defended the liquidation plan for convicted Ponzi schemer Scott Rothstein's law firm, which shields the bank from further claims over its alleged role in the $1.2 billion fraud, accusing objecting creditors of gambling on a bid to sue the bank for more than what they are owed.
April 04, 2013
TD Bank NA revealed $52 million in confidential settlements with investors in Scott Rothstein's Ponzi scheme over the bank's alleged role in the $1.2 billion fraud, according to filings made Tuesday in the Chapter 11 liquidation of Rothstein's firm.
April 02, 2013
The U.S. Trustee's Office has objected to $72 million earmarked for TD Bank in the Chapter 11 liquidation plan for convicted Ponzi schemer Scott Rothstein's law firm, saying the settlement gives the bank, which allegedly had a role in the scam, more than it's entitled under the Bankruptcy Code.
March 29, 2013
The trustee overseeing the liquidation of Ponzi schemer Scott Rothstein's firm on Thursday asked a bankruptcy judge to force Conrad & Scherer LLP, the firm representing investors suing TD Bank NA over its alleged role in the scheme, to disclose its retainer agreements with clients.
March 20, 2013
Tensions flared in a packed Florida bankruptcy courtroom on Wednesday as the trustee overseeing the liquidation of Ponzi schemer Scott Rothstein's firm made the case for his controversial Chapter 11 exit plan, which includes a $72 million deal with TD Bank NA that has drawn the ire of creditors.
March 19, 2013
Blasting objections to his proposed disclosure statement as untimely and inflammatory, the trustee overseeing the liquidation of Ponzi schemer Scott Rothstein's firm urged a Florida bankruptcy judge on Tuesday to let creditors vote on a Chapter 11 plan that offers an unprecedented recovery.
March 14, 2013
Scott Rothstein's Ponzi scheme victims piled on his firm's Chapter 11 plan Wednesday, targeting a $72 million settlement with TD Bank NA that allegedly gives the bank too much power over payments to creditors while shielding it from suits over its own alleged role in the $1.2 billion scheme.