Saturday, January 15, 2011

Former Rothstein Law Partner Looking Forward to Civil Trial

There's no love lost between one of Scott Rothstein's former law partners and attorneys tasked with recovering money from Rothstein's massive investment fraud, but they will be spending Valentine's Day together anyway.

Russell Adler is set to go before a federal jury that day to defend himself against a $1.2 million lawsuit brought by the attorneys handling the bankruptcy of the Rothstein Rosenfeldt Adler law firm.

It would mark the first time that any matter related to the implosion of Rothstein's law firm would be considered by a jury in either civil or criminal court. Rothstein's $1.4 billion Ponzi scheme, the largest financial fraud in South Florida history, sent shockwaves across Broward County where Rothstein had established himself as a power player in legal, political and charitable circles.

Adler adamantly denies knowing anything about Rothstein's crimes, saying he never saw the firm's financial statements.

"Russell did nothing wrong and I expect to go to trial and be vindicated very quickly," said Fred Haddad, one of Adler's attorneys. "We're looking forward to a trial."

Full Article and Source:
Former Rothstein Law Partner Ready for Feb. 14 Civil Trial


Thelma said...

A partner doesn't read the financial statements? Gimme a break!

StandUp said...

That is a laugh, Thelma!