From HedgeCo.Net: Platinum Partners, an affiliate of NY
hedge fund manager Platinum Management has been accused of fraud by Hartz Solar
Hamilton LLC., According to new Jersey website NorthJersey.com.
Hartz filed suit in U.S. District Court (Newark), saying
that the hedge fund affiliate reneged on a pledge to buy energy credits (Solar
Renewable Energy Credits or SRECs) from the company’s South Jersey solar
project at a cost of $230,000.
“This announcement resulted in a dramatic drop in SREC
prices,” the suit alleges…..
Want to know more? Turn to http://www.hedgeco.net/news/08/2012/ny-hedge-fund-affiliate-accused-of-fraud.html
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