Law Firm Sues To Dissolve Itself
November 2, 2009
In something that sounds like a line from a lawyer joke, South Florida firm Rothstein Rosenfeldt Adler filed suit in Broward County court today seeking to dissolve itself. The Complaint [PDF] explains that the firm’s managing partner, Scott Rothstein, has allegedly engaged in a scheme to defraud investors in a structured settlement scheme associated with the firm. When the firm learned that many of the structured settlement funds could not be accounted for this weekend, everybody wanted Rothstein gone. Unfortunately, he claims to own a 50% stake and, unsurprisingly, is unwilling to vote himself out.
This story could turn out to be one of the most bizarre of the increasingly frequent law firm dissolution stories lately.
-Michael
Susan Simpson
Michael Williams
[...] Update: Scott Rothstein Arrested December 1, 2009 In a follow-up to an earlier post, high-flying South Florida lawyer Scott Rothstein was arrested this morning on RICO charges. As [...]