TD Bank Ordered to Pay Rothstein Victims
The bank faces a Thursday deadline to pay a $67 million judgment to Scott Rothstein's fleeced investors.
February 23, 2015 at 11:00 AM
3 minute read
A Miami federal judge has given TD Bank until Thursday to pay $67 million to a group of investors in disbarred attorney Scott Rothstein's failed $1.2 billion Ponzi scheme.
U.S. District Judge Marcia G. Cooke's order could finally bring an end to a three-year battle over the $32 million in compensatory damages and $35 million in punitive damages awarded by a jury to Texas-based Coquina Investments LLC.
TD Bank's motion asking the U.S. Court of Appeals for the Eleventh Circuit to stay Cooke's order was denied by a three-judge panel Friday.
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