SECURITIES AND EXCHANGE COMMISSION v. PLATINUM MANAGEMENT (NY) LLC

No. 16-cv-6848 (BMC).

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. PLATINUM MANAGEMENT (NY) LLC; PLATINUM CREDIT MANAGEMENT, L.P.; MARK NORDLICHT; DAVID LEVY; DANIEL SMALL; URI LANDESMAN; JOSEPH MANN; JOSEPH SANFILIPPO; and JEFFREY SHULSE, Defendants.

United States District Court, E.D. New York.

September 25, 2018.

Editors Note
Applicable Law: 15 U.S.C. § 78m(a)
Cause: 15 U.S.C. § 78m(a) Securities Exchange Act
Nature of Suit: 850 Securities / Commodities
Source: PACER


Attorney(s) appearing for the Case

Zanhav Holding LLC & Piping Brook LLC, Movants, represented by Paul Curran Kingsbery, Dechert LLP.

Court-Appointed Receiver & Receiver, Receivers, represented by Melanie L. Cyganowski, Otterbourg P.C.

Otterbourg P.C. & Goldin Associates, LLC, Experts, represented by Melanie L. Cyganowski, Otterbourg P.C.

United States Securities and Exchange Commission, Plaintiff, represented by Adam S. Grace, U.S. Securities and Exchange Commission, Andrew M. Calamari, Securities and Exchange Commission, Danielle Sallah, U.S. SEC, Jess A. Velona, U.S. Securities and Exchange Commission, Kevin P. McGrath, Securities and Exchange Comm, Neal Jacobson, Securities and Exchange Commission & Sanjay Wadhwa, U.S. Securities and Exchange Commission Branch Chief Division of Enforcement.

Platinum Management (NY) LLC, Defendant, represented by Daniel Rickert Koffmann, Quinn Emanuel Urquhart & Sullivan & William Anthony Burck, Quinn Emanuel LLP.

Platinum Credit Management, L.P., Defendant, pro se.

Mark Nordlicht, Defendant, represented by Daniel Rickert Koffmann, Quinn Emanuel Urquhart & Sullivan, Lisabeth Fryer, Lisabeth J. Fryer, P.A., pro hac vice & William Anthony Burck, Quinn Emanuel LLP.

David Levy, Defendant, represented by Katherine T. McCarthy, pro hac vice, Michael S. Sommer, WILSON SONSINI GOODRICH & ROSATI Professional Corporation, Monica Ann Friedman, Wilson Sonsini Goodrich & Rosati & Morris J. Fodeman, Wilson Sonsini Goodrich & Rosati PC.

Daniel Small, Defendant, represented by Seth L. Levine, Levine Lee LLP, Dylan Alexander Stern, Levine Lee LLP & Scott B. Klugman, Levine Lee LLP.

Uri Landesman, Defendant, represented by Eric R. Breslin, Duane Morris LLP & Melissa S. Geller, Duane Morris, LLP.

Joseph Mann, Defendant, represented by Benjamin Sean Fischer, Morvillo, Abramowitz, Grand, Iason, et al & Jonathan S. Sack, Morvillo, Abramowitz, Grand Iason & Anello P.C.

Joseph Sanfilippo, Defendant, represented by Adam Caleb Ford, Ford O'Brien, Kevin J. O'Brien, Ford O'Brien LLP & Suzanne P. Pope, Ford O'Brien, LLP.

Jeffrey Shulse, Defendant, represented by Barry W. Rashkover, Sidley Austin LLP, David M. Rody, Sidley Austin LLP & Michael D. Mann, Sidley Austin LLP.

Schafer and Weiner, PLLC, Creditor, represented by Joseph K. Grekin, Schafer and Weiner, PLLC, pro hac vice, Michael E. Baum, SCHAFER AND WEINER, PLLC, Joseph K. Grekin, Schafer and Weiner, PLLC, Michael J. Zaretsky, Chorpenning, Good, Carlet & Garrison Esqs., Nicholas R. Marcus, Schafer and Weiner, PLLC & Norman I. Klein, Carlet, Garrison, Klein & Zaretsky, LLP.

Attorney Alexander Novak, Interested Party, represented by G. Alexander Novak, Novak Juhase & Stern.

Allen Kaplan, William J. Perlstein Revocable Trust & Teresa L. Perlstein Revocable Trust, Interested Partys, represented by William Nystrom, Nystrom Beckman & Paris LLP, pro hac vice.

Joint Official Liquidators of Platinum Partners Value Arbitrage Fund International Limited in Official Liquidation, and Platinum Partners Value Arbitrage Intermediate Fund Ltd. in Official Liquid, Interested Party, represented by Joshua Dorchak, Morgan Lewis & Bokius LLP, Matthew C.R. Ziegler, Kramer Levin Naftalis & Frankel & Melissa Boey, Morgan, Lewis & bockius LLP.

Arabella Exploration, LLC & Arabella Operating, LLC, Interested Partys, represented by John T. Piggins, Miller Johnson, pro hac vice.

Faris Philip, Patricia Faris, John Smith, Lori Smith, Michael Garatoni, Elizabeth Garatoni, Steven Singer 2006 Revocable Trust, Garatoni Family Foundation, The Garatoni Holdings Investment Partnership, The World Traveler Revocable Trust, Anthony Wright, Courtney Solcher, Felicia Solcher, Gerry Solcher, Sally Solcher, Whitney Solcher, The Perry and Ruby Stevens Charitable Foundation, Mary G. DeSimone Irrevocable Trust, Bruce Bullen & Robb Charitable Lead Trust, Interested Partys, represented by William Nystrom, Nystrom Beckman & Paris LLP.

Beechwood Re Limited & Beechwood Bermuda International Ltd., Interested Partys, represented by Seth David Fier, Proskauer Rose LLP.

Navidea Biopharmaceuticals, Inc., Interested Party, represented by David Dirisamer, Barnes & Thornburg LLP, pro hac vice & Robert Folland, Barnes & Thornburg LLP, pro hac vice.

Richard Schmidt, Trustee, represented by Craig Smyser, Smyser Kaplan & Veselka, LLP, pro hac vice & Tyler G. Doyle, Smyser Kaplan & Veselka, L.L.P.

United States Attorney's Office for the Eastern District of New York, Intervenor, represented by Alicyn L. Cooley, United States Attorney's Office, Lauren Howard Elbert, United States Attorney's Office & Sarah Evans, US Attorney's Office for the Eastern District of New Yo.


MEMORANDUM DECISION AND ORDER

Schafer and Weiner, PLLC ("S&W"), former counsel to Platinum and Bart Schwartz, the initial court-appointed receiver in this matter, moves for reimbursement of attorneys' fees and expenses. The receiver opposes the motion and cross-moves for disgorgement...

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