Monday, 2 March 2015
Last updated 1 hour ago
Mar 22 2012 | 2:38am ET
Platinum Partners recently fired the law firm defending it against allegations that it aided a Ponzi scheme. But it still owes Shutts & Bowen almost half-a-million dollars, the firm said in a lawsuit filed this week.
Miami-based Shutts alleges that Platinum, founder Mark Nordlicht and several business associates have refused to pay some $443,000 in legal fees. Shutts had been handling Nordlicht's defense in a pair of lawsuits filed by the trustee in the Scott Rothstein fraud case; the firm was replaced by Bilzin Sumberg Baena Price & Axelrod due to concerns Platinum had about Shutts' work.
Shutts filed the case in Miami federal court. Platinum and Nordlicht have yet to respond.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…