September 26, 2023
A Manhattan federal judge has slashed last year's $8.2 million asset overvaluation verdict against Platinum Partners co-founder David Bodner to $2.8 million, accounting for settlements previously reached by the defunct hedge fund's other executives and advisers.
December 20, 2022
A Manhattan federal jury said Tuesday that Platinum Partners co-founder David Bodner must pay the defunct hedge fund's bankruptcy liquidators $8.2 million for allowing Platinum to overvalue assets in order to collect excessive fees.
December 15, 2022
Platinum Partners co-founder David Bodner should pay nearly $50 million for allegedly allowing the now-defunct hedge fund to overvalue assets, counsel for Platinum's bankruptcy liquidators told a Manhattan federal jury on the final day of a two-week trial Thursday.
December 12, 2022
Platinum Partners co-founder David Bodner told a Manhattan federal jury on Monday that he had only a minimal role in the now-defunct hedge fund's operations, testifying that he was told he "looked too Jewish" to be seen by investors.
November 30, 2022
The civil fraud trial of Platinum Partners co-founder David Bodner opened in Manhattan federal court on Wednesday, with a lawyer for the defunct hedge fund's liquidator telling a jury that Bodner accepted incorrect asset valuations in order to pocket excessive fees.
April 22, 2020
A New York federal judge declined on Tuesday to let Platinum Partners co-founder Murray Huberfeld beat claims brought by the defunct hedge fund's liquidator, but did excuse his family's charitable foundation from the sprawling litigation.
January 14, 2020
Despite their "blatant disregard of the Federal Rules of Civil Procedure," a New York federal judge decided to go easy on attorneys for the liquidators of hedge fund Platinum Partners on Monday, chalking up their alleged misconduct in litigation over the fund's collapse to "overzealousness."
June 24, 2019
A New York federal judge on Friday kept alive portions of Platinum Partners' liquidators' lawsuit over the hedge fund's collapse, finding in part that a Second Circuit rule doesn't protect alter egos of Platinum from liability.
May 14, 2019
Platinum Partners' liquidators urged a New York federal court Monday to keep alive their lawsuit over the hedge fund's collapse, claiming a Second Circuit rule referenced in the defendants' dismissal bid didn't apply to this particular case.
April 23, 2019
More than a dozen sets of defendants in a suit over the collapse of Platinum Partners say a Second Circuit rule prevents the hedge fund's liquidators from suing them for Platinum's own misconduct.