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USA v. Nordlicht et al

  1. July 02, 2020

    Platinum Receiver Settles With Insurers For $14M

    The receiver for defunct hedge fund Platinum Partners agreed to pay around $14 million to settle with insurers that say Platinum owed them more than $44 million, a move the receiver said eliminated one of the biggest obstacles to investors finally recouping some of their losses.

  2. January 28, 2020

    Ex-Black Elk CEO Gets Deal Canceling 2nd Platinum Trial

    Former Black Elk CEO Jeffrey Shulse has dodged an impending trial over his alleged involvement in a scheme to let hedge fund Platinum Partners defraud the company's bondholders, scoring a deferred prosecution deal that further shrinks the troubled case.

  3. December 19, 2019

    The Biggest White Collar Cases Of 2019

    From men on the periphery of a presidential scandal to rich parents bribing their kids' way into college, 2019 was rife with headline-grabbing white collar cases, even while prosecutors suffered defeat in some of their most complicated fraud trials. Here, Law360 looks back at a few of the biggest white collar rulings of 2019.

  4. November 15, 2019

    Recently Reversed: How J&J, Avis & LG Toppled Big Verdicts

    Johnson & Johnson's escape from a $110 million verdict in Missouri and the overturning of a pair of federal fraud convictions in New York highlight this edition of Law360's recurring look at recently reversed trial verdicts.

  5. October 08, 2019

    Feds Ask To Delay Next Platinum Trial While Appeal Plays Out

    Prosecutors on Tuesday asked a New York federal judge to delay the upcoming bond fraud trial of a former Platinum Partners managing director pending their expected appeal of the judge's ruling that gave a new trial to the hedge fund's co-founder and acquitted another executive.

  6. October 04, 2019

    Platinum Prosecutors To Appeal Acquittal, New Trial Orders

    Brooklyn federal prosecutors indicated Friday they plan to appeal a ruling that tossed the convictions of two former executives at defunct hedge fund Platinum Partners, a ruling in which the judge found it would be a "manifest injustice" not to grant one man an acquittal and the other a new trial.

  7. September 27, 2019

    Ex-Platinum Exec Acquitted, Co-Founder Gets New Trial

    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.

  8. August 21, 2019

    Feds Rip Platinum Bids To Dodge Fraud Raps Post-Trial

    Prosecutors on Wednesday urged a New York federal judge to reject attempts by two former Platinum Partners executives to overturn their convictions for defrauding bondholders in one of the defunct hedge fund's oil and gas portfolio companies, ripping their arguments as "inflammatory baseless allegations."

  9. July 31, 2019

    2 Ex-Execs Want Platinum Bond Fraud Convictions Flipped

    Two former Platinum Partners executives have asked a New York federal court to overturn their convictions for fraud and conspiracy to defraud investors in what the government called the "Black Elk bond scheme."

  10. July 24, 2019

    2 More Trials On Deck Over Alleged Platinum Bond Fraud

    A New York federal judge on Wednesday set two separate trial dates for a former Platinum Partners portfolio manager and the ex-CEO of Black Elk Offshore Operations LLC, both of whom are charged with defrauding third-party bondholders of the defunct oil and gas company.

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