JD Journal » former us attorney http://www.jdjournal.com Legal Industry News Wed, 08 Feb 2012 01:14:49 +0000 en hourly 1 http://wordpress.org/?v=3.3 Morning Roundup http://www.jdjournal.com/2010/02/25/morning-roundup-76/ http://www.jdjournal.com/2010/02/25/morning-roundup-76/#comments Thu, 25 Feb 2010 11:33:56 +0000 joshua http://www.jdjournal.com/?p=20594 Good morning everyone!  Today is Thursday, February 25, and here’s a quick look back at yesterday’s news…

Morrison Foerster added a lateral in New York…

A former US Attorney joined up with Locke Lord…

Marc Daniel joined Arnold & Porter in Washington DC…

Latham & Watkins added one in Hong Kong…

Revenues dipped slightly while profits stayed flat at Arent Fox…

And speaking of Arent Fox, the firm picked up a lateral from Jones Day…

Jenner Block had a good year in 2009…

Jones Day picked up another California lateral…

Covington & Burling grow in Beijing…

Three Google executives have been convicted in absentia by an Italian court for privacy violations…

And Morgan Stanley’s chief legal officer has stepped down…

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]]> http://www.jdjournal.com/2010/02/25/morning-roundup-76/feed/ 0 More Details in Rothstein Story – UPDATED http://www.jdjournal.com/2009/11/03/more-details-in-rothstein-story/ http://www.jdjournal.com/2009/11/03/more-details-in-rothstein-story/#comments Tue, 03 Nov 2009 18:21:49 +0000 joshua http://www.jdjournal.com/?p=17704 For our original article on the story, click here. Scott Rothstein, founding partner of the Florida firm Rothstein Rosenfeldt Adler, remains incommunicado after taking off last week. He is believed to be in Morocco, and his attorney has said he would return today. The firm has hired a former US attorney to investigate allegations that Rothstein did something improper with an investment vehicle, and has asked the Florida court to dissolve the firm, putting its assets in the hands of a receiver.

Now we have more details on the alleged misconduct of Rothstein. Rothstein is reported to have set up a side business selling shares in settlements. Investors would buy out structured settlements from clients at a discount and in turn receive payments as the structured settlements resolved over time. The problem is that Rothstein may have been selling shares in fictitious settlements and is alleged to have disappeared with anywhere from $200 to $300 million.

Rothstein has been a major contributor to Republican politics in Florida. Ellyn Bogdanoff, a member of the state legislature who was the biggest benefactor of Rothstein’s donations, said today that she would be returning any political donations from Rothstein.

The firm’s website, rra-law.com is currently blank, and the pages linking to Rothstein are now inactive.

UPDATE:

Rothstein is back in Miami and police have surrounded his firm.

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