Insurers, Others Fight Rothstein Ch. 11 Consolidation

Law360, New York (October 26, 2011, 10:31 PM EDT) -- The Chapter 11 trustee for convicted Ponzi schemer Scott Rothstein's law firm faces opposition to his plan to consolidate a feeder fund into the law firm's estate, with the fund's insurers, Rothstein's creditors and others filing objections Wednesday in Florida bankruptcy court.

Banyon 1030-32 LLC's insurers — Federal Insurance Co., RLI Insurance Co., St. Paul Fire & Marine Insurance Co., Columbia Casualty Co., Westchester Fire Insurance Co., Ironshore Indemnity Inc. and Zurich American Insurance Co. — said trustee Herbert Stettin has not proven that consolidation is...
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