Wednesday, 17 September 2014
Last updated 14 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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