Judge:  Investor Did Not Aid, Abet Fraud Scheme Involving Reinsurer

Mealey's (April 16, 2020, 2:07 PM EDT) -- NEW YORK — An investment holding company was found by a New York federal judge on April 15 to have not aided and abetted fraud or breach of fiduciary duty allegations raised by a hedge fund receiver in a case over three investment management agreements (IMAs) involving a reinsurance company, its related entities and Senior Health Insurance Company of Pennsylvania (SHIP) (In re Platinum-Beechwood Litigation, No. 18-6658, Melanie L. Cyganowski, et al. v. Beechwood Re Ltd., et al., No. 18-12018, S.D. N.Y., 2020 U.S. Dist. LEXIS 66136)....