A packed courtroom of bankruptcy attorneys and a few investors turned out for the first settlement hearings in the Rothstein Rosenfeldt Adler bankruptcy case, and many were there to protest the agreements. The settlements with George Levin, his Banyon investment funds, and investment adviser Michael Szafranski called for controversial "bar orders" to prohibit any pending or future Rothstein-related litigation against the settling parties. Bank attorneys argued it's too early for such a global settlement.
August 16, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A packed courtroom of bankruptcy attorneys and a few investors turned out for the first settlement hearings in the Rothstein Rosenfeldt Adler bankruptcy case, and many were there to protest the agreements.
A latecomer to the case, Miami solo practitioner Paul McMahon, threw a monkey wrench into the settlements with George Levin and his Banyon investment funds. Banyon and Levin were the top source of money for Scott Rothstein’s $1.2 billion Ponzi scheme, kicking in about $830 million.
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