Insurers Dismiss Investment Company From Third-Party Case Over Fraud Scheme

Mealey's (January 13, 2020, 2:32 PM EST) -- NEW YORK — Insurers on Jan. 10 told a New York federal court that they are voluntarily stipulating to the dismissal of an investment company from their third-party lawsuit, which arises out of a dispute originally filed by a receiver seeking redress for damages from of a “massive fraudulent scheme” involving hedge funds (In re Platinum-Beechwood Litigation, No. 18-6658, Washington National Insurance Co., et al. v. Mark Nordlicht, et al., No. 18-12018, S.D. N.Y.)....