A divided Florida Supreme Court on Wednesday suspended Miami attorney Jeremy Alters for allegedly misappropriating trust accounts to cover personal overdrafts, paying clients with money from other clients’ trust accounts and taking out loans of $14 million to cover client obligations.
After a month of testimony and evidence, jurors in the first trial of any kind in the wake of Scott Rothstein’s $1.2 billion Ponzi scheme have been told by some of Florida’s most seasoned litigators to make an unenviable choice: Side with either an unscrupulous bank or money-hungry investors.
A major battle is shaping up over some $123 million in attorney fees in the massive Bank of America overdraft class action. An Argentinian law firm is asking a federal judge to allow it to intervene in the case, while plaintiffs attorneys want their bid for fees to be decided in Florida state court.
Greenspoon Marder is on track to acquire Ruden McClosky after no other parties appeared at a scheduled auction to bid on the Florida law firm. On a downward spiral for two years, Ruden filed for bankruptcy protection this month and separately reached a merger agreement with Greenspoon Marder.
Three former NFL players have filed suit against Greenberg Traurig and one of its Florida shareholders, claiming the law firm failed to warn them against investing in an Alabama casino that turned out to be a scam. A fourth player filed suit against the financial advisers in the casino deal.