On February 28, a group of Scott Rothstein’s money-losing investors settled a dispute with Gibraltar Bank & Trust for $10 million in cash and an additional share in bad faith insurance claims. By settling the dispute out of court, the parties will avoid a trial in a highly publicized case; the investors originally sought $186 million in compensatory damages. WSH Member Michael S. Popok represented former Gibraltar officer John Harris in the dispute.
In addition to the Gibraltar settlement, investors also settled with TD Bank for $190 million, and Platinum Advisors for another $10 million.
Author(s): Brooke P. Dolara
