TD Bank Payment Clears Way for Rothstein Bankruptcy Deal
A Texas investment group will drop another $12.1 million into the bucket for victims of Ponzi-scheming ex-lawyer Scott Rothstein.
March 11, 2015 at 01:14 PM
2 minute read
Now that it's been paid on a $67 million judgment by TD Bank, Coquina Investments LLC has agreed to pay $12.1 million to the bankrupt law firm collecting money for victims of Ponzi-scheming ex-attorney Scott Rothstein.
Additionally, the Texas-based investor group agreed to place $6.4 million in an escrow account while lawyers for both sides determine exactly how much more Coquina should pay.
Lawyers for Coquina, Rothstein Rosenfeldt Adler and TD Bank explained the latest settlement Wednesday to U.S. Bankruptcy Judge Raymond Ray, who signed off on it in court.
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