Platinum Partners Not Covered For Fraud Claims, Insurers Say
By Jeff Sistrunk ( May 9, 2017, 9:10 PM EDT) -- A pair of excess insurers on Monday asked a New York state court to rule that they don't have to cover hedge fund Platinum Partners or several of its executives in connection with litigation over an alleged $1 billion securities fraud scheme and a purported kickback scheme, claiming the fund made misrepresentations on its policy applications....
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