The bankruptcy case of Ponzi schemer Scott Rothstein's law firm could be at its end if the trustee for now-defunct Rothstein Rosenfeldt Adler wins what is shaping up to be one of the biggest courtroom battles yet in the case, the South Florida Sun-Sentinel reported yesterday. Trustee Herbert Stettin submitted a liquidation plan on Tuesday to Bankruptcy Judge Raymond B. Ray that includes a proposed settlement calling for TD Bank to pay up to $72.4 million to cover investors' losses. TD Bank would admit no wrongdoing in its dealings with Rothstein and the settlement would block individual investors' lawsuits against the bank from going forward. Attorneys for some investors vowed to contest the settlement with TD Bank, which has been accused of allowing Rothstein's Ponzi scheme to flourish and covering up his lies. Pending lawsuits from investors are seeking more than $1 billion in compensatory and punitive damages against the bank.
