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Elliott Associates LP et al v. Bank of America: Discovery Application

July 27, 2021 - Application by Elliott Associates LP, of Delaware; Elliott International LP, of the Cayman Islands, and The Liverpool Limited Partnership, of Bermuda, to take discovery from the Bank of America for use in legal proceedings in Germany regarding "what the financial press called 'a short squeeze of historic proportions', as Porsche orchestrated a takeover of Volkswagen AG at the height of the financial crisis", filed at the U. S. District Court for the Western District of North Carolina.

FourWorld Event Opportunities LP et al v. General Atlantic LLC et al: Discovery Application

July 23, 2021 - Application by FourWorld Event Opportunities LP and Genesis Emerging Markets Investment Company to take discovery from General Atlantic LLC, General Atlantic Service Company, L.P., GASF Interholdco Ltd., General Atlantic Partners (Bermuda) III, LP, General Atlantic Partners (Bermuda) IV LP, Inc., GAP Coinvestments CDA LP, GAP Coinvestments III LLC, GAP Coinvestments IV LLC, GAP Coinvestments V LLC, GAP (Bermuda) Ltd., General Atlantic GenPar (Bermuda) LP, General Atlantic Singapore Fund Pte. Ltd., General Atlantic Singapore 58 Pte. Ltd., and General Atlantic Singapore 58TP Pte. Ltd., Warburg Pincus LLC, Warburg Pincus China-Southeast Asia II (Cayman) LP, Warburg Pincus China-Southeast Asia II-E (Cayman) LP, WP China-Southeast Asia II Partners (Cayman) LP, Warburg Pincus China-Southeast Asia II Partners LP, Warburg Pincus (Callisto) Global Growth (Cayman) LP, Warburg Pincus (Europa) Global Growth (Cayman) LP, Warburg Pincus Global Growth-B (Cayman) LP, Warburg Pincus Global Growth-E (Cayman) LP, WP Global Growth Partners (Cayman) LP, Warburg Pincus Global Growth Partners (Cayman) LP, and Polarite Gem Holdings Group, Ltd. for use in "an appraisal proceeding filed in the Grand Court of the Cayman Islands" at the U. S. District Court for the Southern District of New York.

Gustavo Lopez v. Uulala Inc.: Judgment

July 12, 2021 - Judgment for $700,000, plus interest, in Gustavo Lopez v. Uulala Inc. at the Superior Court of the State of California, County of Los Angeles. Editor's Note: The Uulala Group became the first applicant to be approved for an Initial Coin Offering in Bermuda in October, 2018, with Bermuda's Premier, David Burt, recording a video for the group that it used for promotional purposes on its website. Uulala was exposed by OffshoreAlert in January, 2019.

Fort Worth Employees' Retirement Fund v. James River Group Ltd. et al: Class Action Complaint

July 09, 2021 - Class Action Complaint alleging securities fraud regarding "a new type of insurance policy that covered Rasier LLC, a subsidiary of the ride-sharing company Uber Technologies, Inc" in Employees' Retirement Fund of the City of Fort Worth, d.b.a. Fort Worth Employees' Retirement Fund v. James River Group Holdings Ltd., described as "a Bermuda-based holding company that owns and operates a group of specialty insurance and reinsurance companies"; Robert P. Myron, J. Adam Abram, Frank N. D'Orazio, and Sarah C. Doran at the at the U. S. District Court for the Eastern District of Virginia.

Annuity and Life Reassurance v. Multivir, Inc.: Complaint

July 07, 2021 - Complaint alleging failure to repay $4.3 million in loans in Annuity and Life Reassurance, of Bermuda v. Multivir, Inc., of Delaware, at the U. S. District Court for the District of Delaware.

Universal Life Insurance Company v. Global Growth Holdings Inc. et al: Complaint

July 06, 2021 - Complaint that "arises out of a massive fraudulent scheme devised by Defendant Greg E. Lindberg and co-conspirators" and allegedly involved companies in Bermuda, Cayman Islands, Ireland, Malta, and the USA in Universal Life Insurance Company v. Global Growth Holdings Inc., Eli Global LLC, Greg E. Lindberg, UBS Financial Services Inc., Treatment Resources of Margate Inc., Alpine Capital LLC, Itech Funding LLC, Standard Financial Limited, of Malta; Academy Financial Assets LLC, Atlas Financial Investments LLC, Capital Asset Management I LLC, Global Insurance Capital LLC, Standard Advisory Services Ltd., of Malta; Triton Financial Limited, of Ireland; Hutchison Law Group PLLC, Satori Waters LLC, CSI Interco LLC, Forsyth LLC, Kite Asset Management Inc., Carnation Three LLC, Flowery Branch LLC, Goldman Sachs Bank USA, Morgan Stanley Senior Funding LLC, Verdesian Life Sciences LLC, Goldman Sachs Lending Partners LLC, Credit Suisse AG Cayman Islands Branch, AGH Parent LLC, Daisy Seven LLC, Dahlia Ten LLC, Tybee Island Asset Management Inc., Augusta Asset Management Inc., Pershing LLC, Macon LLC, Parallel Capital Assets LLC, Capital Asset Management II LLC, Standard Investment Capital Ltd., of Malta; New England Capital LLC, Global Bankers Insurance Group LLC, RevolverCap Partners Fund LP, Capital Assets Management III LLC, BLH Capital LLC, Netherlands Insurance Holdings Inc., Iron City Asset Management Inc., Hampton Asset Management Inc., Jackson Asset Management Inc., Chris Herwig, Bryn Mawr Trust Company, Begonia Eight LLC, CBI Group LLC, CBIG Capital LLC, and CBIG Holdings Inc. at the U. S. Bankruptcy Court for the Southern District of New York.

Keiva Maronie-Durham v. Bermuda Bar Council: Judgment

June 30, 2021 - Judgment allowing an appeal against a decision to deny a practising certificate to an attorney in Keiva Maronie-Durham, an attorney v. Bermuda Bar Council at Bermuda Court of Appeal.

Scopia Windmill Fund LP et al v. EQT Corporation et al: Class Action Complaint

June 15, 2021 - Class Action Complaint alleging securities fraud in Scopia Windmill Fund LP, of Delaware; Scopia PX LLC, of Delaware; Scopia PX International Master Fund LP, of Bermuda; Scopia Partners LLC, of Delaware; Scopia LB LLC, of Delaware; Scopia LB International Master Fund LP, of Bermuda; Scopia International Master Fund LP, of Bermuda; Scopia Long QP LLC, of Delaware; Scopia Long LLC, of Delaware; Scopia Long International Master Fund LP, of Bermuda v. EQT Corporation, Steven T. Schlotterbeck, Robert J. McNally, David L. Porges, and David E. Schlosser, Jr. at the U. S. District Court for the Western District of Pennsylvania.

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.

Andrew Crisson v. Marshall Diel & Myers Ltd.: Appeal Judgment

June 11, 2021 - Judgment allowing Andrew Crisson's appeal and discharging a freezing order against him in Andrew Crisson v. Marshall Diel & Myers Limited at Bermuda Court of Appeal.

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.