Liquidation

A former law partner of Ponzi-scheme operator Scott Rothstein pleaded guilty to a criminal charge this week.

With Stuart Rosenfeldt’s guilty plea, to a count of criminal conspiracy, all three name partners of the now-defunct Florida law firm Rothstein Rosenfeldt Adler have admitted to criminal activity.

A judge said James River Coal Co. can pay up to $2.7 million in bonuses to its top executives, rejecting a challenge to the payments by the federal government’s bankruptcy watchdog. Read the Daily Bankruptcy Review article via The Wall Street Journal.