A hedge fund that invested $200 million in Scott Rothstein's Ponzi scheme is fighting several settlements reached by Herbert Stettin, the bankruptcy trustee for Rothstein's defunct law firm.
February 03, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Daily Business Review
A hedge fund that invested $200 million in Scott Rothstein’s Ponzi scheme is fighting to torpedo several settlements reached by Herbert Stettin, the bankruptcy trustee for Rothstein’s defunct law firm.
The fund, Platinum Partners Value Arbitrage Fund, has claims and suits pending against some of the settling parties but can’t pursue them if U.S. Bankruptcy Judge Raymond Ray in Fort Lauderdale approves settlements with bar orders killing third-party lawsuits.
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