Ex-Execs Fight Discovery Freeze In $1B Platinum Fraud Suit
By Cara Mannion (February 6, 2017, 7:06 PM EST) -- 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.
Black Elk Energy Offshore Operations LLC's former CEO Jeffrey Shulse and three former Platinum Partners executives, who were accused of inflating the value of Black Elk investments and duping its bondholders, said the government failed to prove that it would suffer "irreparable prejudice" if discovery continued in the U.S....
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!