U.S. District Judge James I. Cohn approved a settlement Wednesday between the trustee overseeing the liquidation of Scott Rothstein’s defunct law firm and the U.S. attorney’s office, clearing the way for distribution of $50 million to victims.

The settlement, negotiated by restitution receiver Michael Goldberg of Akerman, also was approved last week by U.S. Bankruptcy Judge Raymond Ray in Fort Lauderdale.