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USA v. Nordlicht et al
Case Number:
1:16-cr-00640
Court:
Nature of Suit:
Judge:
Firms
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June 11, 2019
Platinum Judge Won't Toss Case, May Limit Feds' Closings
The judge overseeing the securities fraud trial of the former top executives of Platinum Partners on Tuesday said he intends to deny their midtrial bids to escape the charges, but indicated he was likely to preclude the government from arguing that the hedge fund overvalued its assets.
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June 10, 2019
Feds Slam Ex-Platinum Execs' Acquittal Bid In Fraud Case
Federal prosecutors slammed former top Platinum Partners executives' mid-trial request to be acquitted of fraud charges in a letter in New York federal court Monday, arguing that they've presented enough evidence to show that the executives knowingly made material misrepresentations to investors.
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June 07, 2019
Platinum Judge Grills Feds Over Central Fraud Claims
A New York federal judge on Friday took a skeptical eye to some key theories of prosecutors' securities fraud case against former top executives of Platinum Partners, questioning whether jurors should consider claims the hedge fund leaders overvalued assets or if alleged lies told to investors were actually material.
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June 06, 2019
Platinum Jury Hears Of Exec's Dread, As Feds Wrap Up Case
Brooklyn federal prosecutors on Thursday neared the end of their securities fraud case against three former top executives of Platinum Partners, and jurors saw emails depicting trepidation inside the now-defunct hedge fund as it tried in vain to get out of a liquidity crisis.
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June 04, 2019
Platinum Oil Co. Exec Tells Jury Of Downward Spiral
The founder of Northstar Offshore Group LLC on Tuesday told a New York federal jury of how the Texas oil and gas company took a downward turn after being taken over by Platinum Partners, and of his dim view of the value of certain assets in the hedge fund manager's energy portfolio.
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May 31, 2019
Ex-Black Elk Atty Gives 'Painful' Detail On Bond Vote
A former attorney for defunct energy firm Black Elk walked jurors through a bond vote that the government alleges former executives at Platinum Partners rigged in their favor, with the prosecutor on the case getting into a level of detail that a judge called "painful" on Friday.
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May 30, 2019
Jurors Hear Of Platinum Boss' Role In Alleged Bond Scheme
Jurors in the securities fraud trial of former top Platinum Partners executives on Thursday heard of how co-founder Mark Nordlicht floated plans to wield control over bonds of the hedge fund's portfolio company Black Elk Offshore Operations LLC using Platinum affiliates, which prosecutors say was part of a scheme to defraud the oil and gas driller's bondholders.
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May 28, 2019
Platinum Boss Said Fear Would Tame Investor Ire, Jury Hears
A former chief financial officer for Platinum Partners on Tuesday told a New York federal jury that Platinum co-founder Mark Nordlicht told him that "mutually assured destruction" would keep aggrieved investors from ratting the hedge fund manager out to regulators, despite Platinum's inability to make timely repayments.
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May 23, 2019
Ex-Platinum CFO Troubled By Business Methods, Jury Hears
A former chief financial officer of Platinum Partners on Thursday told a New York federal jury weighing the fate of the hedge fund manager's former top executives of his unease with the company's problematic business practices and lack of cash to fund operations and pay back investors.
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May 22, 2019
Platinum Jury Told Of Black Elk Bond Bait-And-Switch
A hedge fund portfolio manager on Wednesday told jurors in the securities fraud trial of former top Platinum Partners executives of how his fund was burned by an investment in bonds of Platinum portfolio company Black Elk when proceeds from an asset sale were diverted to preferred shareholders of the oil and gas company.