IN RE PLATINUM-BEECHWOOD LITIGATION

18-CV-6658 (JSR).

377 F.Supp.3d 414 (2019)

IN RE PLATINUM-BEECHWOOD LITIGATION. Senior Health Insurance Company of Pennsylvania, Plaintiff, v. Beechwood re Ltd., B Asset Manager, L.P., Beechwood Bermuda International Ltd., Beechwood re Investments, LLC a/k/a Beechwood re Investors, LLC, Moshe M. Feuer a/k/a Mark Feuer, Scott A. Taylor, David I. Levy, and Dhruv Narain, Defendants.

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

Signed April 22, 2019.

Editors Note
Applicable Law: 18 U.S.C. § 1962
Cause: 18 U.S.C. § 1962 Racketeering (RICO) Act
Nature of Suit: 470 Racketeer/Corrupt Organization
Source: PACER


Attorney(s) appearing for the Case

Senior Health Insurance Company of Pennsylvania, Plaintiff, represented by James D. Mathias , DLA Piper LLP, Mark Leslie Deckman , DLA Piper, Ellen E. Dew , DLA Piper US LLP, Kathleen Ann Birrane , DLA Piper US LLP, Aidan Middlemiss McCormack , DLA Piper US LLP & Robert Brian Seibert , Nixon Peabody LLP.

Martin Trott, as Joint Official Liquidators and Foreign Representatives of Platinum Partners Value Arbitrage Fund L.P. (In Official Liquidation), Christopher Smith, as Joint Official Liquidators and Foreign Representatives of Platinum Partners Value Arbitrage Fund L.P. (In Official Liquidation) & Platinum Partners Value Arbitrage Fund L.P., Consolidated Plaintiffs, represented by Barbra Rachel Parlin , Holland & Knight LLP, Elliot Archer Magruder , Holland & Knight LLP, Mitchell J. Geller , Holland & Knight LLP, Peter Richard Jarvis , Holland & Knight LLP, pro hac vice, Qian Shen , Holland & Knight LLP, Trisha M. Rich , Holland & Knight LLP & Warren Ernest Gluck , Holland & Knight LLP.

Melanie L. Cyganowski, as Equity Receiver for Platinum Partners Credit Opportunities Master Fund LP, Consolidated Plaintiff, represented by Adam Craig Silverstein , Otterbourg P.C., Andrew S. Halpern , Otterbourg P.C. & Erik Bradley Weinick , Otterbourg P.C.

Melanie L. Cyganowski, as Equity Receiver for Platinum Partners Credit Opportunities Master Fund LP, Consolidated Plaintiff, represented by pro se.

Platinum Partners Credit Opportunities Fund (TE) LLC, Platinum Partners Credit Opportunities Fund LLC, Platinum Partners Credit Opportunities Fund International Ltd., Platinum Partners Credit Opportunities Fund International (A) Ltd. & Platinum Partners Credit Opportunities Fund (BL) LLC, Consolidated Plaintiffs, represented by Adam Craig Silverstein , Otterbourg P.C., Andrew S. Halpern , Otterbourg P.C., Erik Bradley Weinick , Otterbourg P.C. & Melanie L. Cyganowski , Otterbourg P.C.

Beechwood Re Ltd., Defendant, represented by John Evans Jureller , Klestadt, Winters, Jureller, Southard & Stevens LLP.

B Asset Manager, L.P., Beechwood Bermuda International, Ltd., Beechwood Re Investments, LLC, also known as, Moshe M. Feuer, also known as & Scott A. Taylor, Defendants, represented by Edward Jonathan Canter , Proskauer Rose LLP, Mark David Harris , Proskauer Rose LLP, Stacey Paige Eilbaum , Proskauer Rose LLP & Steven H. Holinstat , Proskauer Rose LLP.

David I. Levy, Defendant, represented by Eli Bard Richlin , Wilson Sonsini Goodrich & Rosati, Jae Young Jeong , Wilson Sonsini Goodrich & Rosati, Katherine Talbot McCarthy , Wilson Sonsini Goodrich & Rosati, Michael S. Sommer , Wilson, Sonsini, Goodrich & Rosati P.C. & Morris J. Fodeman , Wilson, Sonsini, Goodrich & Rosati, PC.

Dhruv Narain, Defendant, represented by Chantale Fiebig , Gibson, Dunn & Crutcher LLP, Edward Jonathan Canter , Proskauer Rose LLP, Mark David Harris , Proskauer Rose LLP, Stacey Paige Eilbaum , Proskauer Rose LLP, Steven H. Holinstat , Proskauer Rose LLP & Naima Lillian Farrell , Gibson, Dunn & Crutcher LLP.

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

Murray Huberfeld, Consolidated Defendant, represented by Jeffrey Charles Daniels , Jeffrey C. Daniels PC.

David Bodner, Consolidated Defendant, represented by Eliot Lauer , Curtis, Mallet-Prevost, Colt & Mosle, LLP, Gabriel Hertzberg , Curtis, Mallet-Prevost, Colt & Mosle, LLP & Jacques Semmelman , Curtis, Mallet-Prevost, Colt and Mosle LLP.

Gregg Donnenfeld, Consolidated Defendant, represented by Steven B. Feigenbaum , Katsky Korins, LLP.

David Ottensoser, Consolidated Defendant, represented by Eric M. Creizman , Pierce Bainbridge Beck Price & Hecht LLP.

Bernard Fuchs, Consolidated Defendant, represented by Kim Steven Juhase , Novak & Juhase.

Michael Nordlicht & Kevin Cassidy, Consolidated Defendants, represented by Lawrence Robert Gelber , Lawrence R. Gelber, Lisamarie Frances Collins , Mintz Levin Cohn Ferris Glovsky & Popeo PC & Therese Marie Doherty , Mintz Levin Cohn Ferris Glovsky & Popeo, P.C.

Michael Katz, Consolidated Defendant, represented by Brittney Melissa Edwards , Thompson & Knight, LLP, Nicholas Shea Davis , Thompson & Knight LLP & Stuart J. Glick , Thompson & Knight, LLP.

Naftali Manela, Consolidated Defendant, represented by Adam Philip Cohen , Walden Macht & Haran LLP, Jeffery Li Ding , Simpson Thacher & Bartlett LLP, pro hac vice & Sean T. Haran , Walden Macht & Haran LLP.

Daniel Saks, Consolidated Defendant, represented by Gregory Charles Pruden , Binder & Schwartz LLP & Wendy Helene Schwartz , Binder & Schwartz LLP.

Moshe M. Feuer, also known as, Scott Taylor, Dhruv Narain, B Asset Manager LP, B Asset Manager II LP, Beechwood Re Investments, LLC, Beechwood Re Holdings, Inc., Beechwood Re Ltd., Beechwood Bermuda International Ltd., BAM Administrative Services LLC, Illumin Capital Management LP, Feuer Family Trust, Taylor-Lau Family Trust & Beechwood Bermuda Ltd., Consolidated Defendants, represented by Ira S. Lipsius , Lipsius-Benhaim Law, LLP.

Morris Fuchs, Estate of Jules Nordlicht, Barbara Nordlicht, FCBA Trust, Aaron Parnes, Sarah Parnes, Shmuel Fuchs Foundation, Solomon Werdiger, David Gichtin & Ora Gichtin, Consolidated Defendants, represented by Kenneth A. Zitter , Law Offices of Kenneth A. Zitter.

Leon Myers & Leon Meyers, Consolidated Defendants, represented by Daniel Tepper , Wolf Haldenstein Adler Freeman & Herz LLP.

Estate of Solomon Englander & Estate of Gertrude Englander, Consolidated Defendants, represented by Jordan A. Meddy , Loeb & Loeb LLP & Peter Gregory Schwed , Loeb & Loeb LLP.

Rockwell Fulton Capital, Ditmars Park Capital L.P. & Rockwell Fulton Capital, L.P., Consolidated Defendants, represented by Tovia Jakubowitz , Jakubowitz & Chuang LLP.

Platinum F.I. Group, LLC, Consolidated Defendant, represented by Avraham Chaim Moskowitz , Moskowitz & Book, LLP.

Huberfeld Family Foundation, Consolidated Defendant, represented by Yehuda David Scharf , Morrison Cohen, LLP, Daniel Cahen Isaacs , Morrison Cohen, LLP & Donald Howard Chase , Morrison Cohen LLP.

Twosons Corporation, Consolidated Defendant, represented by Barry L. Cohen , Royer Cooper Cohen Braunfeld LLC, Marc E. Hirschfield , Royer Cooper Cohen Braunfeld LLC & Marc F. Skapof , Royer Cooper Cohen Braunfeld LLC.

GRD Estates Ltd., Consolidated Defendant, represented by John David Penn , Perkins Coie LLP.

Meadows Capital LLC, Consolidated Defendant, represented by Therese Marie Doherty , Mintz Levin Cohn Ferris Glovsky & Popeo, P.C.

BRE BCLIC 2013 LTC Primary & BRE BCLIC 2013 LTC Sub, Consolidated Defendants, represented by Daniel Aaron Schleifstein , Parker Ibrahim & Berg LLC, James Paul Berg , Parker Ibrahim & Berg LLC & Sanjay Perviz Ibrahim , Parker Ibrahim & Berg LLC.

Fuzion Analytics, Inc., Consolidated Defendant, represented by Aidan Middlemiss McCormack , DLA Piper US LLP & Robert Brian Seibert , Nixon Peabody LLP.

Bankers Conseco Life Insurance Company, Washington National Insurance Company, CNO Financial Group, Inc. & 40/86 Advisors, Inc., Consolidated Defendants, represented by Adam J. Kaiser , Alston & Bird, LLP, Daniella Patricia Main , Alston & Bird, LLP, Jenna Chelsea Polivy , Alston & Bird, LLP, John M. Aerni , Alston & Bird, LLP & William Hao , Alston & Bird, LLP.

Beechwood Re Ltd., Counter Claimant, represented by John Evans Jureller , Klestadt, Winters, Jureller, Southard & Stevens LLP.

Moshe M. Feuer, Beechwood Re Investments, LLC, Scott A. Taylor, B Asset Manager, L.P. & Beechwood Bermuda International, Ltd., Counter Claimants, represented by Edward Jonathan Canter , Proskauer Rose LLP, Mark David Harris , Proskauer Rose LLP, Stacey Paige Eilbaum , Proskauer Rose LLP & Steven H. Holinstat , Proskauer Rose LLP.

Dhruv Narain, Counter Claimant, represented by Chantale Fiebig , Gibson, Dunn & Crutcher LLP, Edward Jonathan Canter , Proskauer Rose LLP, Mark David Harris , Proskauer Rose LLP, Stacey Paige Eilbaum , Proskauer Rose LLP, Steven H. Holinstat , Proskauer Rose LLP & Naima Lillian Farrell , Gibson, Dunn & Crutcher LLP.

Senior Health Insurance Company of Pennsylvania, Counter Defendant, represented by James D. Mathias , DLA Piper LLP, Mark Leslie Deckman , DLA Piper, Ellen E. Dew , DLA Piper US LLP, Kathleen Ann Birrane , DLA Piper US LLP, Aidan Middlemiss McCormack , DLA Piper US LLP & Robert Brian Seibert , Nixon Peabody LLP.

Washington National Insurance Company & Bankers Conseco Life Insurance Company, ThirdParty Plaintiffs, represented by Adam J. Kaiser , Alston & Bird, LLP, Daniella Patricia Main , Alston & Bird, LLP, Jenna Chelsea Polivy , Alston & Bird, LLP, John M. Aerni , Alston & Bird, LLP & William Hao , Alston & Bird, LLP.

Murray Huberfeld, ThirdParty Defendant, represented by Jeffrey Charles Daniels , Jeffrey C. Daniels PC.

Dhruv Narain, ThirdParty Defendant, represented by Ira S. Lipsius , Lipsius-Benhaim Law, LLP.

David Bodner, ThirdParty Defendant, represented by Eliot Lauer , Curtis, Mallet-Prevost, Colt & Mosle, LLP, Gabriel Hertzberg , Curtis, Mallet-Prevost, Colt & Mosle, LLP & Jacques Semmelman , Curtis, Mallet-Prevost, Colt and Mosle LLP.

Naftali Manela, ThirdParty Defendant, represented by Adam Philip Cohen , Walden Macht & Haran LLP, Jeffery Li Ding , Simpson Thacher & Bartlett LLP & Sean T. Haran , Walden Macht & Haran LLP.

David Ottensoser, ThirdParty Defendant, represented by Eric M. Creizman , Pierce Bainbridge Beck Price & Hecht LLP.

Washington National Insurance Company & Bankers Conseco Life Insurance Company, Cross Claimants, represented by Adam J. Kaiser , Alston & Bird, LLP, Daniella Patricia Main , Alston & Bird, LLP, Jenna Chelsea Polivy , Alston & Bird, LLP, John M. Aerni , Alston & Bird, LLP & William Hao , Alston & Bird, LLP.

B Asset Manager LP, BAM Administrative Services LLC, Beechwood Bermuda International Ltd., Beechwood Bermuda Ltd., Beechwood Re Holdings, Inc., Moshe M. Feuer, Feuer Family Trust, Taylor-Lau Family Trust, B Asset Manager II LP, Dhruv Narain, Scott Taylor & Illumin Capital Management LP, Cross Defendants, represented by Ira S. Lipsius , Lipsius-Benhaim Law, LLP.

Beechwood Re Ltd., Cross Defendant, represented by Ira S. Lipsius , Lipsius-Benhaim Law, LLP & John Evans Jureller , Klestadt, Winters, Jureller, Southard & Stevens LLP.

Scott A. Taylor, Beechwood Bermuda International, Ltd., B Asset Manager, L.P. & Beechwood Re Investments, LLC, Cross Defendants, represented by Edward Jonathan Canter , Proskauer Rose LLP, Mark David Harris , Proskauer Rose LLP, Stacey Paige Eilbaum , Proskauer Rose LLP & Steven H. Holinstat , Proskauer Rose LLP.

Bernard Fuchs, Cross Claimant, represented by Kim Steven Juhase , Novak & Juhase.

Rockwell Fulton Capital, Rockwell Fulton Capital, L.P. & Ditmars Park Capital L.P., Cross Defendants, represented by Tovia Jakubowitz , Jakubowitz & Chuang LLP.

Platinum Partners Credit Opportunities Fund International (A) Ltd., Platinum Partners Credit Opportunities Fund (TE) LLC, Platinum Partners Credit Opportunities Fund LLC, Platinum Partners Credit Opportunities Fund International Ltd. & Platinum Partners Credit Opportunities Fund (BL) LLC, Cross Defendants, represented by Adam Craig Silverstein , Otterbourg P.C., Andrew S. Halpern , Otterbourg P.C., Erik Bradley Weinick , Otterbourg P.C. & Melanie L. Cyganowski , Otterbourg P.C.

Barbara Nordlicht, Shmuel Fuchs Foundation, Estate of Jules Nordlicht, Aaron Parnes, Sarah Parnes, FCBA Trust, Morris Fuchs & Solomon Werdiger, Cross Defendants, represented by Kenneth A. Zitter , Law Offices of Kenneth A. Zitter.

Platinum Partners Value Arbitrage Fund L.P., Martin Trott, as Joint Official Liquidators and Foreign Representatives of Platinum Partners Value Arbitrage Fund L.P. (In Official Liquidation) & Christopher Smith, as Joint Official Liquidators and Foreign Representatives of Platinum Partners Value Arbitrage Fund L.P. (In Official Liquidation), Cross Defendants, represented by Barbra Rachel Parlin , Holland & Knight LLP, Elliot Archer Magruder , Holland & Knight LLP, Mitchell J. Geller , Holland & Knight LLP, Peter Richard Jarvis , Holland & Knight LLP, Qian Shen , Holland & Knight LLP, Trisha M. Rich , Holland & Knight LLP & Warren Ernest Gluck , Holland & Knight LLP.

Michael Nordlicht & Kevin Cassidy, Cross Defendants, represented by Lawrence Robert Gelber , Lawrence R. Gelber, Lisamarie Frances Collins , Mintz Levin Cohn Ferris Glovsky & Popeo PC & Therese Marie Doherty , Mintz Levin Cohn Ferris Glovsky & Popeo, P.C.

Platinum F.I. Group, LLC, Cross Defendant, represented by Avraham Chaim Moskowitz , Moskowitz & Book, LLP.

David I. Levy, Cross Defendant, represented by Eli Bard Richlin , Wilson Sonsini Goodrich & Rosati, Jae Young Jeong , Wilson Sonsini Goodrich & Rosati, Katherine Talbot McCarthy , Wilson Sonsini Goodrich & Rosati, Michael S. Sommer , Wilson, Sonsini, Goodrich & Rosati P.C. & Morris J. Fodeman , Wilson, Sonsini, Goodrich & Rosati, PC.

Twosons Corporation, Cross Defendant, represented by Barry L. Cohen , Royer Cooper Cohen Braunfeld LLC, Marc E. Hirschfield , Royer Cooper Cohen Braunfeld LLC & Marc F. Skapof , Royer Cooper Cohen Braunfeld LLC.

Estate of Gertrude Englander & Estate of Solomon Englander, Cross Defendants, represented by Jordan A. Meddy , Loeb & Loeb LLP & Peter Gregory Schwed , Loeb & Loeb LLP.

Washington National Insurance Company, Bankers Conseco Life Insurance Company, 40/86 Advisors, Inc. & CNO Financial Group, Inc., Cross Defendants, represented by Adam J. Kaiser , Alston & Bird, LLP, Daniella Patricia Main , Alston & Bird, LLP, Jenna Chelsea Polivy , Alston & Bird, LLP, John M. Aerni , Alston & Bird, LLP & William Hao , Alston & Bird, LLP.

Murray Huberfeld, Cross Defendant, represented by Jeffrey Charles Daniels , Jeffrey C. Daniels PC.

Leon Myers, Cross Defendant, represented by Daniel Tepper , Wolf Haldenstein Adler Freeman & Herz LLP.

David Bodner, Cross Defendant, represented by Eliot Lauer , Curtis, Mallet-Prevost, Colt & Mosle, LLP, Gabriel Hertzberg , Curtis, Mallet-Prevost, Colt & Mosle, LLP & Jacques Semmelman , Curtis, Mallet-Prevost, Colt and Mosle LLP.

Daniel Saks, Cross Defendant, represented by Gregory Charles Pruden , Binder & Schwartz LLP & Wendy Helene Schwartz , Binder & Schwartz LLP.

Michael Katz, Cross Defendant, represented by Brittney Melissa Edwards , Thompson & Knight, LLP, Nicholas Shea Davis , Thompson & Knight LLP & Stuart J. Glick , Thompson & Knight, LLP.

Naftali Manela, Cross Defendant, represented by Adam Philip Cohen , Walden Macht & Haran LLP, Jeffery Li Ding , Simpson Thacher & Bartlett LLP & Sean T. Haran , Walden Macht & Haran LLP.

Senior Health Insurance Company of Pennsylvania, Cross Defendant, represented by James D. Mathias , DLA Piper LLP, Mark Leslie Deckman , DLA Piper, Ellen E. Dew , DLA Piper US LLP, Kathleen Ann Birrane , DLA Piper US LLP, Aidan Middlemiss McCormack , DLA Piper US LLP & Robert Brian Seibert , Nixon Peabody LLP.

Gregg Donnenfeld, Cross Defendant, represented by Steven B. Feigenbaum , Katsky Korins, LLP.

Melanie L. Cyganowski, as Equity Receiver for Platinum Partners Credit Opportunities Master Fund LP, Cross Defendant, represented by Adam Craig Silverstein , Otterbourg P.C., Andrew S. Halpern , Otterbourg P.C. & Erik Bradley Weinick , Otterbourg P.C.

Melanie L. Cyganowski, as Equity Receiver for Platinum Partners Credit Opportunities Master Fund LP, Cross Defendant, represented by pro se.

BRE BCLIC 2013 LTC Primary & BRE BCLIC 2013 LTC Sub, Cross Defendants, represented by Daniel Aaron Schleifstein , Parker Ibrahim & Berg LLC, James Paul Berg , Parker Ibrahim & Berg LLC & Sanjay Perviz Ibrahim , Parker Ibrahim & Berg LLC.

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

David Ottensoser, Cross Defendant, represented by Eric M. Creizman , Pierce Bainbridge Beck Price & Hecht LLP.

Fuzion Analytics, Inc., Cross Defendant, represented by Aidan Middlemiss McCormack , DLA Piper US LLP & Robert Brian Seibert , Nixon Peabody LLP.

Huberfeld Family Foundation, Cross Defendant, represented by Yehuda David Scharf , Morrison Cohen, LLP, Daniel Cahen Isaacs , Morrison Cohen, LLP & Donald Howard Chase , Morrison Cohen LLP.

Meadows Capital LLC, Cross Defendant, represented by Therese Marie Doherty , Mintz Levin Cohn Ferris Glovsky & Popeo, P.C.

GRD Estates Ltd., Cross Defendant, represented by John David Penn , Perkins Coie LLP.

Bernard Fuchs, Counter Claimant, represented by Kim Steven Juhase , Novak & Juhase.

David I. Levy, Counter Defendant, represented by Eli Bard Richlin , Wilson Sonsini Goodrich & Rosati, Jae Young Jeong , Wilson Sonsini Goodrich & Rosati, Katherine Talbot McCarthy , Wilson Sonsini Goodrich & Rosati, Michael S. Sommer , Wilson, Sonsini, Goodrich & Rosati P.C. & Morris J. Fodeman , Wilson, Sonsini, Goodrich & Rosati, PC.

Beechwood Re Ltd., Counter Defendant, represented by John Evans Jureller , Klestadt, Winters, Jureller, Southard & Stevens LLP.

Moshe M. Feuer & Dhruv Narain, Counter Defendants, represented by Ira S. Lipsius , Lipsius-Benhaim Law, LLP.

Beechwood Re Investments, LLC, Scott A. Taylor, B Asset Manager, L.P. & Beechwood Bermuda International, Ltd., Counter Defendants, represented by Edward Jonathan Canter , Proskauer Rose LLP, Mark David Harris , Proskauer Rose LLP, Stacey Paige Eilbaum , Proskauer Rose LLP & Steven H. Holinstat , Proskauer Rose LLP.

David Ottensoser, Cross Claimant, represented by Eric M. Creizman , Pierce Bainbridge Beck Price & Hecht LLP.

David Ottensoser, Counter Claimant, represented by Eric M. Creizman , Pierce Bainbridge Beck Price & Hecht LLP.

Platinum Partners Value Arbitrage Fund L.P., Counter Defendant, represented by Barbra Rachel Parlin , Holland & Knight LLP, Elliot Archer Magruder , Holland & Knight LLP, Mitchell J. Geller , Holland & Knight LLP, Peter Richard Jarvis , Holland & Knight LLP, Qian Shen , Holland & Knight LLP, Trisha M. Rich , Holland & Knight LLP & Warren Ernest Gluck , Holland & Knight LLP.


OPINION

Before the Court is the motion of defendants Beechwood Re Ltd. ("Beechwood Re"), B Asset Manager, L.P. ("BAM"), Beechwood Bermuda International Ltd. ("BBIL"), Beechwood Re Investments, LLC ("BRILLC"), Mark Feuer, Scott Taylor, and Dhruv Narain to dismiss the Second Amended Complaint ("SAC") of plaintiff...

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