BVI firm blames Lines Overseas Management for $980,000 investment loss

A BVI-registered firm is appealing a Bermuda judge’s ruling that it must provide a $100,000 security deposit before it can proceed with a negligence claim against investment firm Lines Overseas Management.
Overseas Finance Management will argue that it is unfair to expect a plaintiff to put up additional funds to pursue a claim against a defendant accused of squandering virtually all of its assets.