Trott et al v. Platinum Management (NY) LLC et al

  1. September 26, 2023

    Platinum Co-Founder Gets Overvaluation Verdict Pared To $2.8M

    A Manhattan federal judge has slashed last year's $8.2 million asset overvaluation verdict against Platinum Partners co-founder David Bodner to $2.8 million, accounting for settlements previously reached by the defunct hedge fund's other executives and advisers.

  2. December 20, 2022

    Platinum Founder Hit With $8.2M Verdict In Overvaluation Trial

    A Manhattan federal jury said Tuesday that Platinum Partners co-founder David Bodner must pay the defunct hedge fund's bankruptcy liquidators $8.2 million for allowing Platinum to overvalue assets in order to collect excessive fees.

  3. December 15, 2022

    Platinum Liquidators Seek $50M From Founder As Trial Wraps

    Platinum Partners co-founder David Bodner should pay nearly $50 million for allegedly allowing the now-defunct hedge fund to overvalue assets, counsel for Platinum's bankruptcy liquidators told a Manhattan federal jury on the final day of a two-week trial Thursday.

  4. December 12, 2022

    Platinum Founder Tells Jury He Had No Control Over Fund

    Platinum Partners co-founder David Bodner told a Manhattan federal jury on Monday that he had only a minimal role in the now-defunct hedge fund's operations, testifying that he was told he "looked too Jewish" to be seen by investors.

  5. November 30, 2022

    Platinum Founder Allowed 'Dead Wrong' Valuations, Jury Told

    The civil fraud trial of Platinum Partners co-founder David Bodner opened in Manhattan federal court on Wednesday, with a lawyer for the defunct hedge fund's liquidator telling a jury that Bodner accepted incorrect asset valuations in order to pocket excessive fees.

  6. April 22, 2020

    Platinum Founder Can't Shake Suit, But His Foundation Can

    A New York federal judge declined on Tuesday to let Platinum Partners co-founder Murray Huberfeld beat claims brought by the defunct hedge fund's liquidator, but did excuse his family's charitable foundation from the sprawling litigation.

  7. January 14, 2020

    Attys Avoid Sanctions For 'Overzealous' Brief In Platinum Suit

    Despite their "blatant disregard of the Federal Rules of Civil Procedure," a New York federal judge decided to go easy on attorneys for the liquidators of hedge fund Platinum Partners on Monday, chalking up their alleged misconduct in litigation over the fund's collapse to "overzealousness."

  8. June 24, 2019

    Platinum Affiliates Can't Duck All Of Liquidators' Claims

    A New York federal judge on Friday kept alive portions of Platinum Partners' liquidators' lawsuit over the hedge fund's collapse, finding in part that a Second Circuit rule doesn't protect alter egos of Platinum from liability.

  9. May 14, 2019

    Platinum Liquidators Try To Save Fraud Liability Suit

    Platinum Partners' liquidators urged a New York federal court Monday to keep alive their lawsuit over the hedge fund's collapse, claiming a Second Circuit rule referenced in the defendants' dismissal bid didn't apply to this particular case.

  10. April 23, 2019

    Platinum Affiliates Say 'Wagoner' Kills Liquidators' Claims

    More than a dozen sets of defendants in a suit over the collapse of Platinum Partners say a Second Circuit rule prevents the hedge fund's liquidators from suing them for Platinum's own misconduct.