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Mealey's Insurance - Judge Dismisses Partial Claims In 2 Cases Involving Runoff Insurer Against Corporate Insider

NEW YORK - In two separate matters against a defendant, an alleged corporate insider, over misuse and mismanagement in a hedge fund scheme, a federal judge in New York on Jan. 2 dismissed hedge fund liquidators' claims for civil conspiracy and violation of civil Racketeer Influenced and Corrupt Organization Act and dismissed a runoff insurer's third-party claims for civil conspiracy and unjust enrichment (In re Platinum-Beechwood Litigation, No. 18-6658, Martin Trott, et al. v. Platinum Management [NY] LLC, et al., No. 18-10936; Melanie L. Cyganowski, et al. v. Beechwood Re Ltd., et al., No. 18-12018, S.D. N.Y., 2019 U.S. Dist. LEXIS 223443).
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