Ex-Platinum Exec Acquitted, Co-Founder Gets New Trial
Law360 (September 27, 2019, 5:04 PM EDT) -- A New York federal judge on Friday acquitted a former Platinum Partners executive who had been convicted of defrauding bondholders in an oil and gas company and ruled that a second defendant, the defunct hedge fund’s co-founder, will get a new trial.
Platinum's former co-chief investment officer David Levy and co-founder Mark Nordlicht were found guilty in July of securities fraud and conspiracy. They were accused of defrauding Black Elk Offshore Operations LLC bondholders by rigging a consent solicitation vote to change the bonds’ indenture in order to divert tens of millions of dollars in proceeds from a Black Elk asset...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!