Hedge Funds Receiver Settles With Insurers For $14M Over Fraud Scheme

(July 6, 2020, 11:04 AM EDT) -- NEW YORK — The receiver for hedge funds on July 1 notified a New York federal judge of a $14 million settlement with insurers, including an insolvent one, in a fraudulent conveyance lawsuit concerning three investment management agreements involving a reinsurance company, its related entities and the insurers (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.)....