Platinum Former Member Cross-Claims In Hedge Funds Collapse Litigation

Mealey's (August 31, 2020, 12:21 PM EDT) -- NEW YORK — A former member of Platinum Management (NY) LLC filed an amended answer and cross-claims on Aug. 28 for breach of fiduciary duty against defendants in a New York federal court lawsuit brought by the liquidators of two hedge funds regarding the collapse of the funds as a result of a number of schemes (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.)....