Fraud, Breach Of Duty Claims To Proceed Against Hedge Funds’ Founder

Mealey's (April 24, 2020, 11:07 AM EDT) -- NEW YORK — While a charity foundation and two other defendants escaped claims in a lawsuit brought by the liquidators of two hedge funds, a New York federal judge on April 21 notably denied summary judgment to one of the hedge funds’ founders regarding his role in the funds’ collapse (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., 2020 U.S. Dist. LEXIS 70416)....