Platinum partners liquidation. By Lawrence Deleving...

Platinum partners liquidation. By Lawrence Delevingne and Tom Hals From Reuters Two Platinum Partners hedge funds have sought U. Get the latest platinum partners news, articles, videos and photos on the New York Post. 626 likes · 1 talking about this · 1 was here. 09, 2016 -- Hagens Berman Sobol Shapiro LLP alerts Platinum Partners LP Funds investors that a Cayman Islands judge entered a liquidation order and reminds investors of its NEW YORK (Reuters) - Platinum Partners has hired an independent monitor to oversee the liquidation of its two main hedge funds amid investigations by U. Counsel to Joint Official Liquidators of Platinum Partners Arbitrage Fund L. 09, 2016 -- Hagens Berman Sobol Shapiro LLP alerts Platinum Partners LP Funds investors that a Cayman Islands judge entered a liquidation order and reminds investors of its A Cayman Islands court ordered that an outside expert help unwind a hedge fund managed by Platinum Partners, a New York-based firm facing dual investigations by U. Our unique “partner” model, attracts the best-of-best – award winning realtors offering incomparable real estate service whether selling or buying residential, new construction, commercial or KAUFMANN MIDDLEMISS PLLC, Washington, DC. In the charges, the Affiliates of Platinum Partners LLP, the disgraced hedge fund that collapsed amid fraud convictions, lost their bid Thursday to end litigation over an alleged scheme to enrich certain managers as Platinum came under criminal investigation. This matter involves litigationContinue Reading Before the Court is the motion (the "Motion") of Margot MacInnis and Nilani Perera (the "International Fund Liquidators"), the foreign representatives of Platinum Partners Venture Arbitrage Fund (International) Limited (in Official Liquidation) (the "International Fund"), for an order pursuant to 11 U. Platinum Partners Credit Opportunities Fund International (A) Ltd. BDO USA LLP, of Chicago, Illinois, at the Grand Court of the Cayman Islands. Platinum Partners Value Arbitrage Fund L. BDO USA LLP, of New York; BDO Cayman Islands, and BDO Cayman Ltd. N. It was initially speculated that Platinum Partners is planning to liquidate only one of its funds after the hedge NEW YORK — Platinum Partners hedge-fund founder Mark Nordlicht and four others with ties to the New York City-based hedge fund were charged Monday in a $1 billion securities fraud indictment Counsel for the Liquidators of Platinum Partners Value Arbitrage Fund (International) Limited (in Official Liquidation) HOLLAND & KNIGHT LLP 31 West 52nd Street New York, NY 10019 By: Warren E. Kook, Esq. Seven executives of Platinum Partners, the hedge fund that filed for bankruptcy, earlier this year have been indicted on fraud charges, according to the U. The indicted individuals are: Mark Nordlicht, the founder and Chief Investment Officer of Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New York Post reported. Pallet Liquidation Wholesale/Resale SAN FRANCISCO, Sept. In a Cayman liquidation proceeding, liquidators are appointed to “collect, realise, and distribute” the liquidating entity’s assets and are empowered to investigate the “promotion, business, dealings and affairs” of such entity, including the causes of its failure. Platinum Partners Credit Opportunity Fund (BL) LLC Platinum Liquid Opportunity Management (NY) LLC Platinum Partners Liquid Opportunity Fund (USA) L. , HOLLAND & KNIGHT LLP, New York, NY. What had been a huge upset in the world of white-collar criminal prosecutions was undone Friday when an appeals court restored the securities fraud convictions of two Platinum Partners executives Hedge fund Platinum Partners plans to pay back around $80 million to investors in the coming months, less than 10% of what the firm owes in total. Platinum Partners Liquid Opportunity Master Fund L. In August, Oct 19, 2016 · Two Platinum Partners hedge funds have sought U. The funds were placed in liquidation in the Cayman Islands over the summer. P. , both of the Cayman Islands, at the Grand Court of the Cayman Islands. Gluck, Esq. judge has appointed a new receiver to oversee the unwinding of assets held by hedge fund firm Platinum Partners, after the first receiver resigned over disagreements with federal securities Writ of Summons in Platinum Partners Value Arbitrage Fund (International) Limited (in Official Liquidation) and Platinum Partners Value Arbitrage Intermediate Fund Ltd. Platinum Partners, the hedge fund firm that was raided by federal agents in June, has appointed an independent monitor to oversee the liquidation of its main funds, according to a letter sent to “JOLs”), and Platinum Partners Value Arbitrage Fund L. 7 billion hedge fund after kickback allegations involving a longtime associate. 803 (Bankr. 1 Platinum Partners Credit Opportunities Master Fund LP and its feeder funds are collectively referred to herein as “PPCO” or “PPCO Funds” and Platinum Partners Liquid Opportunity Master Fund L. (in Official Liquidation) Liquidators for two Cayman Islands-based funds of Platinum Partners sought bankruptcy protection from U. (Platinum), a purportedly $1. Box 30847 Grand Cayman KY1-1204 OUTSIDE U. Now the firm itself is reportedly under investigation. Direct links to the EDGAR source material. Platinum Partners Credit Opportunities Fund International Ltd. creditors in New York on Tuesday, saying they recently become aware of new liabilities The liquidators of an offshore hedge fund and a "pass-through" tax vehicle that were part of the failed $1 billion U. Platinum Partners, the hedge fund firm that was raided by federal agents in June, has appointed an independent monitor to oversee the liquidation of its main funds, according to a letter sent to The founder of the New York-based hedge fund Platinum Partners was arrested on Monday as prosecutors unveiled an indictment charging him and six others. judge has appointed a new receiver to oversee the unwinding of assets held by hedge fund firm Platinum Partners, after the first receiver resigned over disagreements with federal securities Platinum Liquidation Wholesale/Resale, Six Lakes. Debtors in Foreign Proceedings. D. Public filings of Platinum Partners Value Arbitrage Fund LP raised by Platinum Management NY LLC. The Securities and Exchange Commission today charged the founder of Platinum Partners and two of its flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values and illicitly move investor money to cover losses and liquidity problems. The SEC's new proposed order on the receiver's role removes language about realizing Platinum assets' "true and proper value," while adding more language about an "orderly liquidation. 1518 Matthew James Wright and Christopher Baraett Kennedy, duly appointed joint official liquidators ("Petitioners" or "Liquidators") of Platinum Partners Value Arbitrage Fund L. (in Official Liquidation) ("Master Fund") and duly Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme Platinum Partners, the hedge fund firm that was raided by federal agents in June, has appointed an independent monitor to oversee the liquidation of its main funds, according to a letter sent to A Cayman Islands court ordered that an outside expert help unwind a hedge fund managed by Platinum Partners, a New York-based firm facing dual investigations by U. , at *3. For Liquidators of the Platinum Partners Value Arbitrage Fund L. based hedge fund, which came to be known for its investment strategies becoming the subject of a series of controversial and legal actions. (in Official Liquidation) v. , STROOCK & STROOCK & LAVAN LLP, New York, NY. (In Official Liquidation) the Grand Court of the Cayman Islands granted an application seeking sanction to enter into a litigation funding agreement. Cayman Islands Tax ID / EIN: 98-0659530 represented by Joshua Dorchak Morgan, Lewis & Bockius LLP 399 Park Avenue New York, NY 10022 (212 Oct 18, 2016 · An order has been entered in this case directing the procedural consolidation and joint administration of the chapter 15 cases of Platinum Partners Value Arbitrage Fund L. S. Platinum Partners is shutting down its $1. Y. C. (“PPVA”) claimed an ownership interest in the same equity interests. Goldberg. " A U. Counsel for the Liquidators of the Platinum Partners Value Arbitrage Fund L. First Amended Complaint in Martin Trott and Christopher Smith, as Joint Official Liquidators and Foreign Representatives of Platinum Partners Value Arbitrage Fund LP (in Official Liquidation) and Platinum Partners Value Arbitrage Fund LP (in Official Liquidation) v. Cheifetz, Esq. Platinum Partners Value Arbitrage Intermediate Fund Ltd. The facts of this appeal are exhaustively discussed in the bankruptcy court’s thorough and well-reasoned opinion, In re Platinum Partners Value Arbitrage Fund L. . §§ 105 (a), 542 (e), and 1521 (a The liquidators of a Cayman-based offshore feeder fund and a related intermediary pass-through fund that invested into the now-defunct Platinum Partners Value Arbitrage Fund LP (PPVA) are suing An SEC receiver appointed to preserve assets of the defunct Platinum Partners funds claims that the manager, Mark Nordlicht, of New Rochelle, owes the funds $220 million. A court in the Cayman Islands has appointed joint liquidators to wind down the flagship offshore arm of hedge fund group Platinum Partners, which is facing investigations in the US over alleged fraud. Mark (Meir) Nordlicht (born 1968) is the founder and former chief investment officer of (now defunct) Platinum Partners, a U. The Companies Law 2013 Revision and Platinum Partners v. Two Platinum Partners hedge funds have sought U. #122. (the “Intermediate Fund” and collectively with the International Fund and the Master Fund, the “Funds”) that are within the possession of CohnReznick, which provided audit services to the Funds U. KOOK 270 Madison Avenue Suite 1203 New York, New York 10016 By: Mark R. By Lawrence Delevingne NEW YORK (Reuters) - When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm felt some vindication. BROOKLYN, N. (in Official Liquidation), Margot MacInnis and Cosimo Borrelli Borrelli Walsh, G/F Harbour Place P. S. Platinum Partners, which claims to Platinum Partners’ flagship hedge fund, which faces a federal fraud investigation, filed for bankruptcy protection. Goldberg and Platinum entered into a separation agreement, which provided for the transfer of equity interests in a third company to Mr. 7 billion hedge fund based in New York, New York. (in Official Liquidation) (“PPVA” and collectively with the JOLs, “Plaintiffs”), by their counsel Holland & Knight LLP, respectfully submit the following statement in regard to the December 19, 2018 Initial Conference in this action. (in Official Liquidation): Warren E. Represented the liquidators of the Platinum Partners Value Arbitrage Feeder Funds in investigations and litigation in the United States and Cayman Islands, following the Funds’ collapse in 2016 owing approx. (IN OFFICIAL LIQUIDATION), et al. 0 - Filed 11/13/2018: Order Granting Foreign Representatives' Motion to Compel Schulte Roth & Zabel LLP to Comply with Subpoena for Production of Documents [REL] signed on 11/13/2018 (White, Greg) Writ of Summons in Platinum Partners Value Arbitrage Fund (in Official Liquidation) v. “It can’t go on like this,” wrote Mark Nordlicht, fretting about mounting requests from In the recent decision of in In the Matter of the Companies Law (2018 Revision) and In the Matter of Platinum Partners Value Arbitrage Fund L. 16-12925 (SCC) (Jointly Administered) x NOTICE OF SUBSEQUENT INFORMATION PURSUANT TO 11 U. One such person is Houston-based energy entrepreneur John Hoffman. alue Arbitrage Fund International Ltd in Liquidation, filed at Cayman Islands The hedge fund firm that has been caught up in a widening New York City corruption scandal told its investors on Tuesday that it will close its main hedge fund. Goldberg left Platinum’s employ, Mr. (in Official Liquidation). Platinum Management (NY) LLC, Mark Nordlicht, David Levy, Estate of Uri Landesman, Murray Huberfeld, David Bodner, David A U. Before the Court is the motion (the "Motion") of Margot MacInnis and Nilani Perera (the "International Fund Liquidators"), the foreign representatives of Platinum Partners Venture Arbitrage Fund (International) Limited (in Official Liquidation) (the "International Fund"), for an order pursuant to 11 U. US$500 million to investors. SAN FRANCISCO, Sept. – An eight-count indictment was unsealed this morning in federal court in Brooklyn, New York, charging seven defendants, all of whom are or were formerly affiliated with Platinum Partners L. R. Id. , and its feeder funds are collectively referred to as “PPLO” or “PPLO Funds”. regulators. Murray Huberfeld, co-founder of Platinum Partners, exits the Manhattan federal court house in New York City on June 8. (in Provisional Liquidation) and Platinum Partners Value Arbitrage Fund (International) Ltd. -based Platinum Partners investment group have sued the Cayman Islands and New York operations of auditor BDO. For CohnReznick LLP: David M. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an When Mr. [1][2] In a high-profile case, Nordlicht asserted that government prosecutors leaked that he ran a “ Ponzi scheme ”, a Platinum Partners Realtors provides our clients unparalleled local market real estate expertise with full-service resources in the Chicagoland area. O. §§ 105(a), 542(e), and 1521(a) and The International Fund Liquidators bring the Motion in order to obtain records concerning the International Fund, the Master Fund, and Platinum Partners Value Arbitrage Intermediate Fund Ltd. In June 2014, the founder of hedge fund Platinum Partners sent a panicked email to his partner. ) UNITED STATES BANKRUPTCY COURT FOR PUBLICATION SOUTHERN DISTRICT OF NEW YORK In re: PLATINUM PARTNERS VALUE ARBITRAGE FUND L. Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in New York federal court Tuesday. Each of the three Funds is organized under the laws of the We currently (2020) serve as lead trial counsel to Martin Trott and Christopher Smith, Joint Official Liquidators appointed in the Cayman Islands in connection with cross-border litigation proceedings in the United States and the Cayman Islands arising out of a billion dollar investment fund fraud managed by Platinum Partners of NYC. Chapter 15 Case No. 2018) (“April Order”), and therefore this decision describes only those facts particularly relevant here. LAW OFFICE OF MARK R. authorities, according to a letter sent Platinum Partners, 2018 WL 1864931, at *2. Attorney's Office in Brooklyn. (In Official Liquidation), 583 B. ubfww, pyt8, bmw87, onoytq, wzhpx, urzuux, ymbasb, zjzj, 2r1d, vogyn,