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Mealey's Insurance - Liquidators Oppose Dismissal Of Claims Against Corporate Insider In 2 Separate Lawsuits

NEW YORK - Liquidators of hedge funds argue in a Dec. 16 motion filed in a New York federal court that allegations in two lawsuits involving a runoff insurer that concern a hedge fund scheme and the misuse and mismanagement show that a defendant "is a corporate insider with direct involvement in day-to-day affairs for the purposes of the group pleading doctrine" (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.).
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