Offset Applied In Finalizing Damages Against Collapsed Hedge Fund’s Co-Founder

Mealey's (September 28, 2023, 12:47 PM EDT) -- NEW YORK — In a ruling involving interpretation of what he called a “somewhat ambiguous” part of a New York offset law, a New York federal judge reduced what would otherwise have been a liability of more than $15.2 million against a co-founder of the collapsed hedge fund Platinum Partners to just under $2.8 million....