Platinum Judge Nixes Valuation Fraud Claims At Trial

Law360 (June 17, 2019, 5:23 PM EDT) -- In a blow to the government's case, the judge overseeing the Platinum Partners trial has banned prosecutors from arguing that three accused executives fraudulently overvalued the funds' illiquid assets, citing a lack of evidence.

U.S. District Judge Brian Cogan's order filed on Monday set up an obstacle for prosecutors in the home stretch of the fraud trial of Platinum co-founder Mark Nordlicht, former co-Chief Investment Officer David Levy and former Chief Financial Officer Joseph SanFilippo.

The three are accused of defrauding investors in the firm's flagship fund, the Platinum Partners Value Arbitrage fund, in part by covering up a liquidity crisis...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Eastern

Nature of Suit

Date Filed

December 14, 2016

Law Firms

Companies

Government Agencies

Judge Analytics