(Reuters) The judge overseeing the $1 billion fraud case of defunct New York hedge fund firm Platinum Partners has ordered a separate trial for a defendant planning to argue that Platinum Chief Investment Officer Mark Nordlicht and other defendants were guilty as charged. In a decision on Monday, U.S. District Judge Brian Cogan in Brooklyn severed the trial of Jeffrey Shulse, the former chief executive at Platinum’s Black Elk oil exploration company, while declining Nordlicht’s own bid to be tried separately.
Judge Splits NY Hedge Fund Trial as One Defendant Turns on Others
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