Platinum Partners Investor Schooled By NY Fraud Judge

Law360 (August 12, 2019, 9:18 PM EDT) -- A New York state judge on Monday lightheartedly tormented counsel for an investor making fraud allegations against five individuals linked to Platinum Partners and its imploded fund, deconstructing the complaint’s key arguments and challenging counsel’s understanding of state law.

During the Monday dismissal bid hearing, Justice O. Peter Sherwood repeatedly used historical analogies to expand on his skepticism that the Katz family’s MDK Hijos Trust had properly pled how the Platinum-linked men — including Mark Nordlicht, Murray Huberfeld, David Bodner, Bernard Fuchs, and Gilad Kalter — could be held individually responsible for $39 million in damages by allegedly defrauding the investor...

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!