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Federal Judge: $40M Rothstein Adversary Case Stays In Bankruptcy Court

WEST PALM BEACH, Fla. - A federal judge in Florida on March 16 remanded to bankruptcy court a $40 million adversary proceeding brought by the Chapter 11 trustee of bankrupt law firm Rothstein Rosenfeldt & Adler (RRA). The trustee alleges that hedge fund managers capitalized on a Ponzi scheme run by RRA partner Scott Rothstein (Herbert Stettin v. Regent Capital Partners LLC $(In Re: Rothstein Rosenfeldt Adler$), No. 11-62612, Chapter 11, S.D. Fla.).
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