Judge Tells Platinum Investors To Butt Out Of SEC Dispute

Law360, New York (July 3, 2017, 7:14 PM EDT) -- A Brooklyn federal judge has told Platinum Partners investors to stop inserting themselves unbidden into the U.S. Securities and Exchange Commission's suit against the defunct hedge fund after they stormed the docket to weigh in on what some of them dubbed a “nightmare.”

In her second rebuke in the case in one week, U.S. District Judge Dora Irizarry on Friday reminded investors that they were not parties to the civil case against Platinum Management LLC and seven employees and executives accused of defrauding investors. Accordingly, she said, they cannot file their opinions in the case without her permission but should take them...

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