Schulte Roth Forced To Aid Platinum Partners Liquidators

By Ryan Boysen (November 1, 2018, 5:24 PM EDT) -- Schulte Roth & Zabel LLP must turn over documents relating to its former representation of two failed Platinum Partners hedge funds to the Cayman Islands-based liquidators who are now winding the funds down, a New York bankruptcy judge said Thursday over the firm's objections.

The liquidators filed a motion to compel last month. Schulte Roth has fought back on the grounds that producing those documents would be burdensome and expensive, and complicated by the funds' failure to pay legal fees for one year of Schulte Roth's representation.

Reiterating that argument in court, Schulte Roth's F. Barbara Gluck Reid used the business...

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