Legal
This Skeptical Judge Keeps Tossing Hedge Fund Fraud Convictions
- He voided guilty verdict for two Platinum Partners executives
- Despite reversals on appeal, a third conviction may be tossed
A sketch of Judge Brian Cogan during a 2019 trial in New York.
Artist: Elizabeth Williams/AP
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The Platinum Partners fund manager convicted last month by a jury of rigging a bondholder vote may have an unlikely ally in his quest to stay out of jail -- the federal judge at his trial.
US District Judge Brian Cogan has already voided two jury convictions for Platinum Partners executives. Now, the veteran judge has invited lawyers for Daniel Small, who was found guilty of securities fraud and conspiracy, to submit arguments by Friday on why he should set aside that conviction too.