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Alexandre Golovanov v. Innate Pharma SA et al: Class Action Complaint

October 23, 2020 - Class Action Complaint alleging fraud in Alexandre Golovanov v. Innate Pharma S.A., described as being a French company that "purports to be a clinical-stage biotechnology company engaged in discovering and developing first-in-class therapeutic antibodies that harness the innate immune system to improve cancer treatment and clinical outcomes for patients" and whose securities were listed on NASDAQ; Mondher Mahjoubi, and Laure-Helene Mercieret at the U. S. District Court for the Central District of California.

USA v. FCI Holdings Inc.: Forfeiture Complaint

October 23, 2020 - Forfeiture Complaint regarding proceeds derived from "a fraudulent telemarketing 'boiler room' in Costa Rica" operated by "Jeffrey Pearson and others" in USA v. An Account at Butterfield Bank (Bahamas) Limited in the name of FCI Holdings Limited at the U. S. District Court for the Southern District of Florida.

Eugenia II Investment Holdings Ltd. v. Anthony Belisle: Complaint

October 23, 2020 - Complaint for $7.5 million in compensatory damages, plus punitive damages, alleging "fraud and negligent misrepresentation" involving Limited Diversified Arbitrage Fund, of Bermuda, which was managed by Markel CATCo Investment Management Limited, of Bermuda, in Eugenia II Investment Holdings Limited, of the British Virgin Islands v. Anthony Belisle, of Naples, Florida, at the U. S. District Court for the Middle District of Florida.

Luiz Mussnich v. Rodrigo Teixeira et al: Complaint

October 21, 2020 - Complaint alleging investment fraud in Luiz Mussnich, of Brazil v. Rodrigo Teixieira, described as "a self-proclaimed film producer", of Brazil; RT Features US, LLC, described as a Delaware company based in California; US One Comercio e Serviços de Criação e Produção de Obras Com Direitos Autorais, S.A., of Brazil; RT Comércio e Serviços de Criação e Produção de Obras com Direitos Autoraism Ltda., of Brazil; Camisa Treze Cultural SS Ltda., of Brazil; Joseph B. Gues, of California; J.G. Business Management, Inc., of California, and Leonardo Maia, of Brazil, at the U. S. District Court for the Central District of California.

SEC v. Kik Interactive Inc.: Proposed Final Judgment

October 20, 2020 - Proposed Final Judgment to settle allegations regarding the sale of digital tokens in U. S. Securities and Exchange Commission v. Kik Interactive Inc., of Canada, at the U. S. District Court for the Southern District of New York.

USA et al v. Google LLC: Complaint

October 20, 2020 - Complaint seeking "to restrain Google LLC from unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States through anticompetitive and exclusionary practices, and to remedy the effects of this conduct" in USA, State of Arkansas, State of Florida, State of Georgia, State of Indiana, State of Kentucky, State of Louisiana, State of Mississippi, State of Missouri, State of Montana, State of South Carolina, and State of Texas v. Google LLC at the U. S. District Court for the District of Columbia.

Costa Rica: Maria Marta Silva Meneses et al

October 19, 2020 - Application for the appointment of a Commissioner to collect evidence from Wells Fargo Bank - pursuant to a request for judicial assistance from Costa Rica - for a criminal investigation into "Maria Marta Silva Meneses and other unknown subjects" for suspected involvement in investment fraud.

Datto Inc. et al v. Daniel Moore: Complaint

October 19, 2020 - Complaint alleging "unlawful misappropriation of Datto's valuable trade secrets and other confidential information to use at a direct competitor, ConnectWise LLC, and to unlawfully gain a competitive advantage in the marketplace" in Datto Inc., described as a Delaware-domiciled, Connecticut-based "leading provider of cloud-based software and technology solutions", and Datto Europe Limited, of England v. Daniel Moore at the U. S. District Court for the Middle District of Florida.

Collector's Coffee Inc. et al v. Debevoise & Plimpton LLP et al: Complaint

October 17, 2020 - Complaint alleging "Defendants abysmally failed in their duties to represent Plaintiffs in a U.S. Securities and Exchange Commission investigation, undertook acts of concealment, fraud, and allegedly violations of law, causing damages of catastrophic nature to their former clients, effectively destroying the Corporation and its principal’s life" in Collector's Coffee Inc., a.k.a. Collector's Cafe Inc., and Mykalai Kontilai, individually and as CEO of Collector's Coffee Inc. v. Debevoise & Plimpton LLP, described as a law firm based in Washington, D.C.; Andrew J. Ceresney, described as a partner of Debevoise & Plimpton; Dustin Brockner, described as an associate of Debevoise & Plimpton, and Miheer Mhatre, described as a former associate of Debevoise & Plimpton, at the U. S. District Court for the District of Columbia.

The Employees' Retirement System of the City of Milwaukee v. Allianz Global Investors U.S. LLC et al: Complaint

October 16, 2020 - Complaint alleging "negligence and breach of contractual and fiduciary duties arising from misconduct and gross mismanagement of two investment funds: AllianzGI Structured Alpha 1000 Plus LLC (“Alpha 1000 Plus”), and AllianzGI Structured Alpha U.S. Fixed Income 250 LLC" in The Employees' Retirement System of the City of Milwaukee v. Allianz SE, of Germany; Allianz Asset Management GmbH, of Germany; Allianz Global Investors U.S. LLC, Allianz Global Investors U.S. Holdings LLC, Allianz of America Inc., Allianz Asset Management of America Holdings Inc., Allianz Asset Management of America LLC, Allianz Asset Management of America LP, PFP Holdings Inc., all of Delaware, and ABC Insurance Co., described as "a fictitiously named insurance entity" whose "state of incorporation, name, and principal place of business are unknown", at the U. S. District Court for the Southern District of New York.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.