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California Asphalt Production Inc. v. UBS AG et al: Summons With Notice

July 19, 2021 - Summons With Notice for $100 million alleging fraud in California Asphalt Production Inc. v. UBS AG, of Switzerlnd, and UBS AG, London Branch, of England, at the Supreme Court of the State of New York, County of New York.

2567423 Ontario Inc. et al v. MXY Holdings LLC et al: Complaint

July 19, 2021 - Complaint in 2567423 Ontario Inc., of Canada; Rayray Investments Inc., of Canada; KW Capital Partners Ltd., of Canada; K2 Principal Fund LP, of Canada; Anson East Master Fund LP, of the Cayman Islands; Anson Investments Master Fund LP, of the Cayman Islands; Barometer Equity Pool, Barometer Tactical Income Pool, Hadron Healthcare and Consumers Special Opportunities Fund, Parkwood Master Fund Ltd., of the Cayman Islands; Samara Fund Ltd., of Canada; Dani Warshager, Martin Fix, and Matthew Conduit v. MXY Holdings LLC, described as a Delaware-domiciled, California-based company that "manufactures and sells cannabis products under the brand name 'Moxie'"; Jordan Lams, and Kevin Marrone at the Superior Court of the State of California, County of Los Angeles.

Bavaguthu Shetty et al v. Bank of Baroda et al: Complaint

July 16, 2021 - Complaint for more than $7 billion "brought by two victims of Defendants' massive financial fraud surrounding NMC Health Plc and its related entities" that was "exposed when an investigative market research firm, Muddy Waters Research LLC, released a report questioning the integrity of NMC's audited financials" in Dr. Bavaguthu Raghuram Shetty and Neopharma LLC v. Bank of Baroda, of New York; Credit Europe Bank NV, of the Netherlands; Ernst & Young Global Limited, of England; Ernst & Young EMEIA Limited, of England; Prasanth Manghat, Promoth Manghat, Suresh Kumar Vadakke Kootala, and Suresh Kumar Nandiraju, all of India, at the Supreme Court of the State of New York, County of New York.

Daniel Ocampo v. Dfinity Stiftung et al: Class Action Complaint

July 15, 2021 - Class Action Complaint "on behalf of all investors who purchased Internet Computer Project tokens" alleging that the defendants "sold unregistered securities to investors in violation of the Securities Act" in Daniel Ocampo v. Dfinity USA Research LLC, of Delaware; Dfinity Stiftung, of Switzerland; Andreessen Horowitz, described as Menlo Park, California-based "private venture capital firm"; Polychain Capital, described as a San Francisco-based "cryptocurrency investment firm managing portfolios of digital assets", and Dominic Williams at the Superior Court of the State of California.

Mark Dyne et al v. Janus Friis: Complaint

July 02, 2021 - Complaint alleging conspiracy involving a company called Wire, described as a "secure collaboration platform" founded by the defendant that was "close to complete collapse" before the individual plaintiffs "stepped in to save Wire by putting together a rescue package and risking and investing their own funds" in Mark Dyne, Murray Markiles, Joseph Miller, Morpheus Partners Holdings GP I LLC, of Delaware; Morpheus Partners Holdings I GP, LP, of Delaware; ECA Iconical Carry LP, of the Cayman Islands, and ECA Iconical Carry GP Ltd., of the Cayman Islands v. Janus Friis, described as "a Danish entrepreneur who resides in London, United Kingdom", at the Superior Court of the State of California, for the County of Los Angeles.

Roger Head v. Vector Acquisition Corporation et al: Complaint

July 01, 2021 - Complaint alleging breach of fiduciary duty in Roger Head v. Vector Acquisition Corporation, described as a Cayman Islands company based in San Francisco whose shares are listed on NASDAQ; Alex Slusky, John Herr, and David Kennedy at the Superior Court of California, San Francisco County.

Socer RB Indústria e Comércio Ltda. v. Taiyo Corp.: Complaint

June 23, 2021 - Complaint in Socer RB Indústria e Comércio Ltda., of Brazil v. Taiyo Corp., of Miami, Florida, at the Circuit Court of the 11th Judicial Circuit in and for Miami-Dade County, Florida.

MAN Corp SA et al v. Innovate Mining Solutions LLC et al: Complaint

June 16, 2021 - Complaint alleging fraud in MAN Corp S.A., of Switzerland, and MAN International DWC-LLC, of Dubai, in the United Arab Emirates v. Innovate Mining Solutions LLC, of Florida; Innovate Solutions Ltda RUT, of Chile, and Fernando E. Duque Cardoze, described as a citizen of Panama, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.

Capstone Capital Group LLC et al v. dck worldwide holdings Inc. et al: Complaint

June 14, 2021 - Complaint in Capstone Capital Group LLC, Capstone Business Funding, LLC, and Capstone Credit, LLC, which claim to be owed $71 million v. dck worldwide holdings, Inc., DCK Worldwide, LLC, DCK North America LLC, DCK International LLC, DCK International SKN Limited, DCK California Construction, Inc., James Todman Construction (SPV) Limited, DCK Building Solutions Jamaica Limited, DCK Pacific Region, LLC, DCK Pacific Construction, LLC, dck Jamaica, LLC, DCK Carribbean Holding, Ltd., DCK Bermuda, Ltd., DCK/Bird Group, LLC, DCK Antigua Limited, Arena Investors, L. P., Arena Limited SPV, LLC, Daniel Zwirn, Andre Fang, Vincent DeVito, Jeff Hoopes, Purlin 2, LLC, and Liberty Mutual Insurance Company at the Supreme Court of the State of New York, County of New York.

Hudson Transport Real Asset Master Fund LP et al v. Ares Management LLC et al: Complaint

June 08, 2021 - Complaint for damages of "not less than $14.279 million"alleging "a sham foreclosure sale of a fleet of ten Boeing 737-800 aircraft that was designed by Defendants to deprive Plaintiffs of any recovery and allow an affiliate of Ares Management's parent company to obtain the collateral at a $50,000,000 discount to its recently appraised market value" in Hudson Transport Real Asset Master Fund LP, of Bermuda; CVI AA Cayman Securities LP, CVI AV Cayman Securities LP, CVIC Cayman Securities Ltd., CarVal GCF Cayman Securities Ltd., CVI CVF VI Cayman Securities Ltd., CVI CVF V Cayman Securities Ltd., and CarVal CCF Cayman Securities Ltd., all of the Cayman Islands v. Ares Management LLC, of Delaware; ASOF Holdings I, L.P., of Delaware; ACOF VI Holdings, L.P., of Delaware; Vmo Aircraft Leasing, LP, of Delaware; Vmo Aircraft Leasing Holdings (Cayman), LP, of the Cayman Islands, and Wilmington Trust Company, of Delaware, at the Supreme Court of the State of New York, County 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.