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SEC v. Telefonaktiebolaget LM Ericsson: Complaint

December 06, 2019 - Complaint arising from "violations of the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act" in U. S. Securities and Exchange Commission v. Telefonaktiebolaget LM Ericsson, of Sweden, at the U. S. District Court for the Southern District of New York.

Michael Kent v. Cision Ltd. et al: Class Action Complaint

December 05, 2019 - Class Action Complaint in Michael Kent v. Cision Ltd., a Cayman Islands company whose shares are listed on the New York Stock Exchange; Mark M. Anderson, Philip A. Canfield, Mark D. Ein, L. Dyson Dryden, Kevin Akeroyd, Stephen P. Master, Susan Vobejda, Stuart Yarbrough, David Krantz, Platinum Equity Advisors LLC, of Delaware; MJ23 UK Acquisition Limited, of England and Wales, and Castle Merger Limited, of the Cayman Islands, at the U. S. District Court for the District of Delaware.

J Fogaca Investco Inc. v. Cision Ltd.: Complaint

December 04, 2019 - Complaint in J Fogaca Investco Inc. v. Cision Ltd., a Cayman Islands, Chicago-based company whose shares are listed on the New York Stock Exchange; Kevin Akeroyd, Mark M. Anderson, Philip A. Canfield, L. Dyson Dryden, Mark D. Ein, David Krantz, Stephen P. Master, Susan Vobejda, and Stuart Yarbrough at the U. S. District Court for the Southern District of New York.

Tesco Plc v. Templeton Investment Counsel LLC: Discovery Application

November 27, 2019 - Application by Tesco Plc, described as "an English publicly traded company and the United Kingdom’s largest supermarket company", to take discovery from Templeton Investment Counsel LLC for use in legal proceedings at the High Court of Justice for England and Wales, filed at the U. S. District Court for the Southern District of Florida.

HealthCor Offshore Master Fund LP et al v. Stericycle Inc. et al: Complaint

November 22, 2019 - Complaint alleging fraud in HealthCor Offshore Master Fund LP and HealthCor Sanatate Offshore Master Funds LP, both of the Cayman Islands v. Stericycle Inc., of Delaware; Charles A. Alutto, Daniel V. Ginnetti, and Joseph Brent Arnold at the U. S. District Court for the Northern District of Illinois.

Tesco Plc v. Franklin Mutual Advisers LLC: Discovery Application

November 22, 2019 - Application by Tesco Plc, described as "an English publicly traded company and the United Kingdom's largest supermarket company", to take discovery from non-party Franklin Mutual Advisers LLC for use in legal proceedings at the High Court of Justice for England and Wales "brought by 58 institutional investors" alleging fraud, filed at the U. S. District Court for the District of New Jersey.

Stephen Merz v. Burford Capital (UK) Ltd. et al: Amended Class Action Complaint

November 20, 2019 - Amended Class Action Complaint for alleged securities fraud in Stephen Merz v. Burford Capital (UK) Limited, a litigation funding company domiciled in Guernsey, based in England; Peter Middleton, Burford's Chairman during the Class Period; Christopher Bogart, Burford's CEO; Jonathan Molot, Burford's Chief Investment Officer, and Charles Parkinson, a Burford Director, at the U. S. District Court for the Eastern District of New York.

The Core Trust Company Ltd. v. Puxin Ltd.: Winding Up Petition

November 19, 2019 - Winding Up Petition in The Core Trust Company Limited, of Hong Kong v. Puxin Limited, whose shares are listed on the New York Stock Exchange, at the Grand Court of the Cayman Islands.

SEC v. Jerry Li: Complaint

November 14, 2019 - Complaint alleging violations of the Foreign Corrupt Practices Act and Securities Exchange Act in U. S. Securities and Exchange Commission v. Jerry Li, a citizen and resident of China, at the U. S. District Court for the Southern District of New York.

Jiazhou Chen v. Yunji Inc. et al: Class Action Complaint

November 12, 2019 - Complaint in Jiazhou Chen v. Yunji Inc., described as a Cayman Islands firm based in China; Shanglue Xiao, of China; Chen Chen, of China; Huan Hao, of China; Qingrong Kong, of China; Yanhua Sun, of China; Wei Ying, of China; Morgan Stanley & Co., of New York, NY; Credit Suisse Securities (USA) LLC, of New york, NY; JPMorgan Securities LLC, of New York, NY; China International Capital Corporation Hong Kong Securities Limited, of Hong Kong, and Top Capital Partners Limited, of New Zealand, at the U. S. District Court for the Eastern 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.