United States Securities and Exchange Commission et al v. Platinum Management (NY) LLC et al

  1. July 02, 2020

    Platinum Receiver Settles With Insurers For $14M

    The receiver for defunct hedge fund Platinum Partners agreed to pay around $14 million to settle with insurers that say Platinum owed them more than $44 million, a move the receiver said eliminated one of the biggest obstacles to investors finally recouping some of their losses.

  2. December 21, 2018

    Feds Blast Ex-Platinum Execs' Misconduct Claims

    Brooklyn federal prosecutors urged a judge to reject "inflammatory" misconduct claims by former Platinum Partners executives facing fraud charges, saying cooperators were kept secret not to give prosecutors an edge but because of "legitimate fear" of backlash from their cooperation.

  3. November 25, 2018

    2 Platinum Execs Helping Feds After Plea, Filing Reveals

    Two men who worked as executives at Platinum Partners have secretly pled guilty and are cooperating in the criminal fraud case against Platinum co-founder Mark Nordlicht and others, a court document has revealed.

  4. October 22, 2018

    Platinum Defendants Battle Receiver For Attys' Fees

    Four former employees of defunct hedge fund Platinum Partners say insurance money is running out ahead of their trial on charges of defrauding investors and have asked a Brooklyn federal judge to make the fund's receiver dip into its assets for their defense.

  5. September 26, 2018

    Receiver Didn't Retain Attys Seeking $489K Fees, Judge Says

    A New York federal judge ruled Tuesday that a law firm isn't owed roughly $489,000 in fees it supposedly incurred while working for the original receiver overseeing the wind-down of Platinum Partners' hedge fund, because the firm never received court permission to help the fund.

  6. June 06, 2018

    Platinum Receiver Fights Firm's $489K Fee Bid

    The receiver in the U.S. Securities and Exchange Commission's case against hedge fund Platinum Partners is seeking to block a law firm's bid for roughly $489,000 in fees it says it incurred while working for her predecessor, telling a New York federal judge Tuesday the firm was never retained and has defied the receivership.

  7. October 17, 2017

    Platinum Judge Suddenly Reassigns $1B Fraud Cases

    The chief federal judge in Brooklyn suddenly reassigned the government's $1 billion fraud cases against several former Platinum Partners executives and others, leaving another judge to handle the nine-month-old parallel civil and criminal cases on Tuesday.

  8. August 11, 2017

    Feds Say Platinum Partners Exec Threatened Witness

    Prosecutors have accused Platinum Partners co-founder Mark Nordlicht's lawyers of making a "veiled threat" to a former Platinum employee over his potential cooperation in the government's $1 billion securities fraud suit, a claim the defense calls "false and unfounded."

  9. July 10, 2017

    Platinum Will Get SEC Docs While Criminal Case Advances

    A New York federal judge paused a civil enforcement case against the hedge fund Platinum Partners on Friday at the request of prosecutors while a related criminal case goes forward, rejecting complaints by several defendants that they would be deprived of the chance to learn about the government's case against them.

  10. July 07, 2017

    Judge Boots Platinum Receiver Over Escrow 'Red Flag'

    A Brooklyn federal judge has replaced a receiver in a U.S. Securities and Exchange Commission case against hedge fund Platinum Partners, saying at a hearing Friday that the receiver's allowing of the withdrawal of funds from an escrow account was a "red flag."