Convicted Platinum Bosses Win New Trial on Wire Fraud Charges

Platinum Partners hedge fund co-founder Mark Nordlicht and former co-chief investment officer David Levy won a new trial over some fraud charges that a jury convicted them of in 2019.

In the latest twist in a roller-coaster case, the federal judge in Brooklyn, New York, who presided over the trial four years ago on Wednesday set aside wire fraud conspiracy convictions of the former executives while leaving intact a guilty verdict on securities fraud counts.

The ruling by US District Judge Brian M. Cogan comes after Nordlicht and Levy unsuccessfully petitioned the Supreme Court to take up their case last ...