Platinum Partners Value Arbitrage Intermediate Fund Ltd.

The liquidators of an offshore hedge fund and a "pass-through" tax vehicle that were part of the failed $1 billion U.S.-based Platinum Partners investment group have sued the Cayman Islands and New York operations of auditor BDO.

Writ of Summons in Platinum Partners Value Arbitrage Fund (International) Limited (in Official Liquidation) and Platinum Partners Value Arbitrage Intermediate Fund Ltd. (in Official Liquidation) v. BDO USA LLP, of New York; BDO Cayman Islands, and BDO Cayman Ltd., both of the Cayman Islands, at the Grand Court of the Cayman Islands.

The liquidators of two feeder funds for the fraudulently-operated Platinum Partners Value Arbitrage Fund have filed a lawsuit in the Cayman Islands against the group's founder, Mark Nordlicht, and others.

Writ of Summons in Platinum Partners Value Arbitrage Fund (International) Limited and Platinum Partners Value Arbitrage Intermediate Fund Ltd., both in Official Liquidation v. Mark Alan Nordlicht, Estate of Uri David Landesman, David Isaiah Levy, Platinum Management (NY) LLC, and Platinum Partners Value Arbitrage LP at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Margot MacInnis and Cosimo Borrelli, as the Foreign Representatives of Platinum Partners Value Arbitrage Intermediate Fund Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Winding Up Petition in Platinum Partners Value Arbitrage Fund (International) Limited v. Platinum Partners Value Arbitrage Intermediate Fund Ltd. at the Grand Court of the Cayman Islands.