After a state appeals court reinstated the case, Fox Rothschild must defend a claim that it negligently disbursed $2.4 million held in trust for a U.K. real estate investor to a Lakewood man who turned out to be running a huge Ponzi scheme.

In an unpublished ruling, the Appellate Division panel said on June 22 that the plaintiff, Moshe Meisels, who lives in London, has standing and can pursue a claim of conversion against the firm, which is based in Philadelphia and has several offices in New Jersey.