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Platinum Reinsurer Strikes Back At Insurer 'Smear Campaign'

Law360 (May 17, 2019, 5:18 PM EDT) -- 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.

What have often been referred to as the "Beechwood entities" — Beechwood Re Ltd. and a variety of its affiliates and executives — told a New York federal judge Thursday that Platinum's insurers are trying to diffuse their own liability in the massive fraud perpetrated by the hedge fund's insiders with a "smear campaign" of claims and accusations that Beechwood was in on the scam.

"The [insurers' claims]...

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Case Title

Subscribers Only

Case Number

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Court

New York Southern

Nature of Suit

Racketeer/Corrupt Organization

Judge

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Date Filed

December 19, 2018

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