Cyganowski, et al v. Beechwood Re Ltd. 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. August 15, 2019

    Insurers Say Platinum Receiver's Fraud Claims Are Flawed

    Multiple entities and individuals tied to Platinum Partners or its purportedly affiliated reinsurance company Beechwood on Thursday urged a New York federal judge to dismiss claims brought by the receiver for the defunct hedge fund or third parties, calling the claims deficient.

  3. July 11, 2019

    Beechwood Needn't Post $250M Security, NY Judge Rules

    A New York federal judge has declined to force Cayman Islands reinsurer Beechwood Re Ltd. to put up $250 million in security as two insurers pursue claims they were swept up in a massive fraud involving now-defunct hedge fund Platinum Partners, saying the matter must be arbitrated.

  4. May 17, 2019

    Platinum Reinsurer Strikes Back At Insurer 'Smear Campaign'

    A set of reinsurance and asset management companies that has been accused of operating as an alter ego of now-defunct Platinum Partners is fighting to escape racketeering claims from the hedge fund's insurers.

  5. May 15, 2019

    Platinum Partners Insurer Wants Out Of Receiver's RICO Suit

    One of the Platinum Partners insurers accused by the defunct fund's receiver of racketeering says the receiver's "far-fetched" version of Platinum's collapse suggests the insurer intended to victimize itself.

  6. 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.