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Rob Feinstein Appears on Cox Affiliate WFTV; Quoted in Various Publications Regarding Louis J. Pearlman Bankruptcy Case
Rob Feinstein, the firm's New York managing partner, appeared on WFTV, Channel 9, regarding his representation of the committee of unsecured creditors in In re Louis J. Pearlman. He was also quoted in the Wall Street Journal, Law360 and the Orlando Sentinel. The trustee's plan to compensate the victims of fallen boy-band mogul Pearlman’s $300 million Ponzi scheme received key support this week. Under the plan, Pearlman’s victims would receive 4 cents on the dollar. Pearlman is currently serving a 25-year prison sentence.
“It's unfortunate that there wasn't more cash available, but people always think that a guy like Lou Pearlman would've squirreled money away in his bank account or mattress,” said Mr. Feinstein. “You can't manufacture assets. It kind of is what it is; I hope everyone appreciates that this is as good an outcome as could have been hoped for given the circumstances.”
Mr. Feinstein hopes an initial distribution can take place in August 2013.