Rothstein Firm Seeks Allegedly Missing $100M to $185M; Is He in Morocco?

Between $100 million and $185 million in is allegedly missing from investor trust accounts that made use of the Rothstein Rosenfeldt Adler name, the law firm's president told the South Florida Business Journal today after a court hearing. Meanwhile, five lawyers have already left the more than 70-attorney Ft. Lauderdale-based international firm, although others will stay with or without pay, according to president Stuart Rosenfeldt. He vows to start a new law practice from the apparent ashes of his partnership with Rothstein, although the Rothstein firm presently remains open for business. A Broward County Circuit Court judge said at the hearing hearing that he may be inclined to appoint Rosenfeldt, who is an employment practitioner, as a receiver for the well-known Ft. Lauderdale-based legal partnership. This would avoid the considerable potential cost of putting a court-appointed receiver in charge, the Business Journal notes.

Rothstein Firm Seeks Allegedly Missing $100M to $185M; Is He in Morocco? abajournal.com Tue, Nov 3, 2009