N.Y. Federal Judge Awards Summary Judgment to Financial Advisors in Beechwood Re Case



DOCUMENTS
  • Order


NEW YORK — A New York federal judge has awarded summary judgment to two financial advisors accused of providing Senior Health Insurance Company of Pennsylvania (SHIP) with false valuation reports, causing it to sink $320 million in the troubled Platinum Partners hedge fund.

In an April 10 order, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York concluded that even if Lincoln International LLC and Lincoln Partners Advisors LLC overvalued any of the investments, they did not proximately cause SHIP’s injuries.

SHIP stopped writing new insurance policies in 2003, and its access to …






UPCOMING CONFERENCES




HarrisMartin's MDL Conference: Navigating Current Mass Tort Litigation

November 30, 2022 - New York, NY
The Knickerbocker

MORE DETAILS



HarrisMartin’s Webinar Series: Acetaminophen ASD/ADHD Product Liability Litigation

October 21, 2022

MORE DETAILS