Coral Gables-based Gibraltar Private Bank & Trust has agreed to a complex four-way settlement worth at least $20 million to resolve claims by fraud victims who say they were cheated by ex-law firm chairman and admitted Ponzi scheme operator Scott Rothstein.
But the agreement announced late Thursday would keep a New York hedge fund group from pursuing a recovery lawsuit of its own. Platinum Funds and Razorback Funding are set to begin jury selection March 1 in Broward Circuit Court, but the proposed bankruptcy settlement would bar anyone else from collecting from Gibraltar in Rothstein-related litigation.
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