At least one defendant being sued by the Rothstein Rosenfeldt Adler bankruptcy trustee in the collapse of Scott Rothstein’s fraud is seizing on an order by U.S. District Judge James Cohn to try to stall an action against him.

Cohn ruled the federal government wins the fight for control of real estate and other assets seized in the former law firm chairman’s $1.2 billion Ponzi scheme. The judge decided Friday that the law firm’s bankruptcy trustee can claim only monies that can be traced to RRA bank accounts — even though the law firm was the primary vehicle for Rothstein’s fraud.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]