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.

November 21, 2017.

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

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

Receiver, Receiver, 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 New York Regional Office, Danielle Sallah , U.S. SEC, Jess A. Velona , U.S. Securities and Exchange Commission New York Regional Office, Kevin P. McGrath , Securities and Exchange Comm, Neal Jacobson , Securities and Exchange Commission New York Regional Office & Sanjay Wadhwa , U.S. Securities and Exchange Commission Branch Chief Division.

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 & William Anthony Burck , Quinn Emanuel LLP.

David Levy, Defendant, represented by Katherine T. McCarthy , Wilson Sonsini Goodrich & Rosati, 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 & Tracy L. Dayton , 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 & Sonia Marquez , Sidley Austin LLP.

Schafer and Weiner, PLLC, Creditor, represented by Joseph K. Grekin , Schafer and Weiner, PLLC & Michael E. Baum , SCHAFER AND WEINER, PLLC.

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

Allen Kaplan, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP, pro hac vice.

William J. Perlstein Revocable Trust, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP, pro hac vice.

Teresa L. Perlstein Revocable Trust, Interested Party, 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, Interested Party, represented by John T. Piggins , Miller Johnson, pro hac vice.

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

Faris Philip, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Patricia Faris, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

John Smith, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Lori Smith, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Michael Garatoni, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Elizabeth Garatoni, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Steven Singer 2006 Revocable Trust, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Garatoni Family Foundation, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

The Garatoni Holdings Investment Partnership, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

The World Traveler Revocable Trust, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Anthony Wright, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Courtney Solcher, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Felicia Solcher, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Gerry Solcher, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Sally Solcher, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Whitney Solcher, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

The Perry and Ruby Stevens Charitable Foundation, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Mary G. DeSimone Irrevocable Trust, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Bruce Bullen, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Robb Charitable Lead Trust, Interested Party, represented by William Nystrom , Nystrom Beckman & Paris LLP.

Beechwood Re Limited, Interested Party, represented by Seth David Fier , Proskauer Rose LLP.

Beechwood Bermuda International Ltd., Interested Party, represented by Seth David Fier , Proskauer Rose LLP.

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 OPINION

By Order dated November 11, 2017, I granted the Receiver's application to approve the retention of Houlihan Lokey Capital, Inc. ("Houlihan"), nunc pro tunc to September 11, 2017 (the "Application"), overruling the opposition to the Application filed by "a...

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