Hedge Fund Liquidators: Yearlong Discovery Supports Aiding, Abetting Allegations

Mealey's (March 13, 2020, 11:48 AM EDT) -- NEW YORK — Following a year of discovery with more than 50 depositions, the liquidators of two hedge funds argue in a March 11 brief that it is clear that their core claims for fraud, breach of fiduciary duty and aiding and abetting against defendants for their role in “one of the most spectacular hedge fund collapses” are correct and, thus, a New York federal court should deny nine motions for summary judgment (In re Platinum-Beechwood Litigation, No. 18-6658, Martin Trott, et al. v. Platinum Management [NY] LLC, et al., No. 18-10936, S.D. N.Y.)....