Judge Dismisses Claims, Third-Party Claims In Fraud Case Involving Runoff Insurer

Mealey's (October 8, 2019, 2:49 PM EDT) -- NEW YORK — In a 176-page ruling, a New York federal judge on Oct. 7 gave reasons for granting in part motions to dismiss investment fund receiver’s claims, insurers’ third-party claims and a run-off insurer’s third-party claims in a $320 million “massive fraudulent scheme” dispute (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., 2019 U.S. Dist. LEXIS 173830)....