Dissolution pending on Fort Lauderdale Law Firm, Rothstein, Rosenfeldt, and Adler
Clients and investors with the Fort Lauderdale law firm of Rothstein Rosenfeldt and Adler are worried because of allegations that the firm's major law partner, Scott Rothstein, stole hundreds of millions of dollars from his firm, according to various news publications.
The Miami Herald reports that federal investigators are looking into allegations that Scott Rothstein scammed investors by selling them "fabricated" civil settlements and also that Rothstein stole from his law firm's financial operations and from their clients' trust accounts.
Typically, clients with significant personal injury cases will acquire substantial sums of money through either a settlement or trial and these funds are required to be deposited into a law firm's trust account before being disbursed to the client.
Because the alleged theft by Rothstein has virtually depleted the financial resources of his law firm, Stuart Rosenfeldt, a partner with the firm, has filed a lawsuit requesting a Broward County Circuit Court judge to dissolve the law firm. This legal request for dissolution of the firm should have have the ultimate impact of closing down Rothstein, Rosenfeldt and Adler.
A major concern for the Broward County judge deciding the firm's request to dissolve itself will be the continued representation of the firm's clients. In the event Rothstein, Rosenfeld and Adler, is dissolved, the firm's clients who have ongoing legal matters such as personal injury lawsuits as well as other cases will still require attorneys to represent their interests.
