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

  1. July 03, 2017

    Judge Tells Platinum Investors To Butt Out Of SEC Dispute

    A Brooklyn federal judge has told Platinum Partners investors to stop inserting themselves unbidden into the U.S. Securities and Exchange Commission's suit against the defunct hedge fund after they stormed the docket to weigh in on what some of them dubbed a "nightmare."

  2. June 27, 2017

    Platinum Defendants Claim SEC Is Strong-Arming Receiver

    A New York federal judge said Tuesday that she will hear out Former Platinum Partners executives and others charged with a $1 billion securities fraud after they urged her to delay the resignation of a receiver winding down the hedge fund and accused the U.S. Securities and Exchange Commission of meddling in the receivership.

  3. May 18, 2017

    Black Elk Trustee Gets $29M In Platinum Partners Claims

    The litigation trustee for the defunct Black Elk drilling operation is set to recover up to $29.6 million from Platinum Partners as part of its Texas bankruptcy court adversary proceeding for claims stemming from the hedge fund's allegedly long-ranging securities fraud scheme, according to a settlement announced Thursday.

  4. March 08, 2017

    Platinum Partners Exec Hit With Injunction In $1B Fraud Suit

    A New York federal judge issued a preliminary injunction against Platinum Partners' chairman and one of the hedge fund's advisory firms Wednesday in a civil case over their alleged roles in a $1 billion fraud scheme, barring violations of securities laws while restricting creditors' access to the company's assets.

  5. February 14, 2017

    Platinum Partners, Dechert Parting Ways In $1B Fraud Suit

    Platinum Partners and its chairman are replacing Dechert LLP with new counsel in a civil case over their alleged roles in a $1 billion fraud scheme, according to a letter filed last week in New York federal court, less than two months after the hedge fund and its executives were hit with criminal charges.

  6. February 06, 2017

    Ex-Execs Fight Discovery Freeze In $1B Platinum Fraud Suit

    The ex-CEO of defunct offshore driller Black Elk and former Platinum Partners executives facing parallel civil and criminal cases over their alleged roles in a $1 billion securities fraud scheme told a New York federal court on Friday to reject the government's proposed "blanket and indefinite" discovery freeze in the civil case.