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Mealeys

Mealey's Insurance - Insurers Dismiss Investment Bank From Third-Party Case Over Fraudulent Scheme

NEW YORK - Insurers in a Dec. 20 stipulation of dismissal tell a New York federal court that they voluntarily dismiss third-party claims against a multinational investment bank and financial services company in a dispute arising out of a receiver's lawsuit 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.).
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