Bermuda

Thomas Doctoroff v. Crown Global Life Insurance Ltd. et al: Ruling

Ruling denying summary judgment against Crown Global Life Insurance and granting summary judgment for $1.7 million against the other defendants regarding investments in the Mauritius-based Belvedere Management Group in Thomas Doctoroff, of New York, USA v. Crown Global Life Insurance Ltd., of Bermuda; Paul Gambles, of Thailand; MBMG Investment Advisory Company Ltd., of Thailand; MBMG Group Singapore Pte, of Singapore; MBMG International Custodians Ltd., of the British Virgin Islands; MBMG Asset Management Limited, of Mauritius, and Garmor Asset Management Ltd., of Mauritius, at Bermuda Supreme Court.

Priosma Ltd.: License Revocation

Public Notice by the Bermuda Monetary Authority that it has cancelled the insurance broker registration of Priosma Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Directors Register maintained by the Government of Bermuda, the directors of Priosma Ltd. are identified as Graham McKean, of Kent, England, and Mark D. Terrey, of Bermuda.

Matthew Loughran v. Uulala Inc.: Complaint

Complaint for $9,915 in Matthew Loughran v. Uulala Inc., a California-based company that is part of a group that was the first applicant to be approved for an Initial Coin Offering in Bermuda, at the Superior Court of California, County of Sacramento.

Madison Asset LLC v. Deutsche Bank AG: Second Amended Complaint

Second Amended Complaint "against Deutsche for its role in aiding a fraudulent trading scheme orchestrated by Madison's former principals and principals of related entities between 2014 and 2017 that caused Madison to suffer more than $200 million in damages" in Martin Trott and Christopher Smith, as Joint Official Liquidators of Madison Asset LLC (in Official Liquidation), of the Cayman Islands v. Deutsche Bank AG, of New York, at the U. S. District Court for the Southern District of New York.

SEC v. BTIG LLC: Complaint

Complaint alleging "misconduct" involving an unidentified "hedge fund" that is "organized under the laws of Bermuda and headquartered in Toronto, Canada" in U. S. Securities and Exchange Commission v. BTIG LLC, described as a broker-dealer based in San Francisco, California, at the U. S. District Court for the Southern District of New York.

PB Life and Annuity Co. Ltd. v. Erie Properties LLC et al: Complaint

Complaint in John Johnston and Rachelle Frisby, as Joint Provisional Liquidators of PB Life and Annuity Co. Ltd., of Bermuda v. Erie Properties LLC, Global Growth, formerly Eli Global LLC; Greg E. Lindberg, and Century 21 Riverstone at the U. S. Bankruptcy Court for the Southern District of New York.

Transform Holdco LLC v. Zurich American Insurance Company et al: Petition

Petition for Declaratory Judgment in Transform Holdco LLC v. Zurich American Insurance Company, ACE American Insurance Company, Allied World Assurance Company, Ltd., of Bermuda; Lloyd's Syndicate No. 318 MSP, of England; Westport Insurance Corporation, Lloyd's Syndicate No. 1414, of England; Tokio Marine America Insurance Company, Ironshore Specialty Insurance Company, Sompo International Holdings, Ltd., of Bermuda; American International Group UK Limited, of England; Neon Syndicate 2468, of Bermuda; Hamilton Re, Ltd., of Bermuda; Starr Surplus Lines Insurance Company, Canopius Insurance Services, Lloyd's Insurance Company (China) Limited, of China, and Aon Risk Services Central, Inc. at the District Court for the 162nd District, Dallas County, Texas.

Tatiana Akhmedova v. Farkhad Akhmedov et al: Judgment

Judgment for hundreds of millions of dollars in favor of a "wife" who "has been the victim of a series of schemes designed to put every penny of the Husband's wealth beyond her reach" involving individuals, companies, and structures in Bermuda, Cyprus, Dubai, England, France, Isle of Man, Liechtenstein, Luxembourg, Panama, Russia, and Switzerland in Tatiana Akhmedova v. Farkhad Teimur Ogly Akhmedov, a citizen of Russia; Woodblade Limited, of Cyprus; Cotor Investment SA, of Panama; Qubo 1 Establishment, of Liechtenstein; Qubo 2 Establishment, of Liechtenstein; Straight Establishment, of Liechtenstein; Avenger Assets Corporation, of Panama; Counselor Trust Reg, of Liechtenstein, as Trustee of certain Trusts; Sobaldo Establishment, of Liechtenstein, as Trustee of certain Trusts; Temur Akhmedov, described as "a British citizen who lives in London", and Borderedge Limited, of Cyprus, at the High Court of Justice, for England and Wales.

Greins Global Ltd.: Winding Up Notice

Public Notice by the Bermuda Monetary Authority that it "successfully petitioned the Supreme Court of Bermuda to wind up Greins Global Ltd.", which was described as "a Class 1 insurer". Editor's Note: The Directors Register section of the Government of Bermuda's website identified the sole director of Greins Global Limited as Randeep S. Grewal, of Hong Kong.

Morten Høegh et al v. Taylor Wessing LLP et al: Complaint

Amended Claim Form and Particulars of Claim alleging negligent advice regarding tax liabilities in the United Kingdom of plaintiffs who were associated with "offshore investments" and "offshore structures" in Bermuda, British Virgin Islands, and Guernsey in Morten Høegh and Thomas Høegh, described as Norwegians who were "tax resident in the UK and domiciled in Norway" v. Taylor Wessing LLP, a law firm, and MSR Partners LLP, f.k.a. Moore Stephens LLP, an accounting firm, at the High Court of Justice for England and Wales.

Erin Murray v. AET Inc. Ltd. et al: Complaint

Complaint in Erin F. Murray, as Executrix and Personal Representative of the Estate of Timothy M. Murray v. AET Inc. Ltd., of Bermuda, and MV Eagle Turin, described as a "Singapore flagged crude oil tank vessel", at the U. S. District Court for the Southern District of New York.

VL Assurance (Bermuda) Ltd. et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Michael Morrison and Mark Allitt, of KPMG Advisory, as the Foreign Representatives of VL Assurance (Bermuda) Ltd., Valor Group Ltd., and Valor Management Ltd., described as Bermuda companies that are part of a group that also includes companies in Barbados, Ireland, Liechtenstein, and the United States and which are "victims of activity perpetrated between 2013 and 2016 by Jason Sugarman - a former director of the VL Bermuda Debtor - and others, including Jason Galanis, that ultimately led to the insolvency of the VL Bermuda Debtors", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Automotores Gildemeister SpA et al: Chapter 11 Petition

Chapter 11 Petition by Automotores Gildemeister SpA, Marc Leasing S.A., Comercial Gildemeister S.A., Maquinarias Gildemeister S.A., Fortaleza S.A., RTC S.A., Maquinaria Nacional S.A., Carmeister S.A., AG Créditos SpA, Fonedar S.A., all of Chile; Lodinem S.A., Camur S.A., both of Uruguay, and Bramont Montadora Industrial e Comercial de Veículos S.A., of Brazil, collectively described as "a vehicle importer and distributor primarily operating in Chile and Peru, as well as in Uruguay, Costa Rica and Brazil", at the U. S. Bankruptcy Court for the Southern District of New York.

Michael Woodroffe v. Pamela Woodroffe: Judgment

Judgment regarding "the ability to enforce arrears of maintenance" arising from divorce proceedings in Michael Woodroffe, who is president of Kirkway International Ltd., a Bermuda insurance broker v. Pamela Woodroffe (née Collins) at Bermuda Court of Appeal.

Winston Wen-Young Wong v. Formosa Plastics Corporation, U.S.A.: Discovery Application

Application by Winston Wen-Young Wong, of Taiwan, as administrator of the Estate of Yung-Ching Wang, to take discovery from Formosa Plastics Corporation, U.S.A. for use in legal proceedings in Bermuda involving "billions of dollars in assets" and styled as "Wen-Young Wong v. Grand View Private Trust Company Limited, et al", filed at the U. S. District Court for the District of New Jersey.

PB Investment Holdings Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Rachelle Frisby and John Johnston, both of Deloitte (Bermuda), as the Foreign Representatives of PB Investment Holdings Ltd., whose owner Greg Lindberg was convicted of "conspiracy to commit honest services wire fraud and bribery concerning programs receiving federal funds" last year in the United States, at the U. S. Bankruptcy Court for the Southern District of New York.

Gregory Messer v. Butterfield Trust (Bermuda) Ltd. et al: Complaint

Complaint in Gregory Messer, as Chapter 7 Trustee of Lee Alexander Bressler v. Alex Duering Trust UAD 11/14/1996, Butterfield Trust (Bermuda) Ltd., of Bermuda; Lee Bressler, and Scott Bressler, of San Francisco, California, at the U. S. Bankruptcy Court for the Southern District of New York.

USA v. Colorado Property et al: Forfeiture Complaint

Forfeiture Complaint in USA v. Property in Colorado and $77 million held in the name of Edge Capital Investments Ltd., of Nevis, at Mirabaud Bank, in Switzerland, that are "directly traceable" to a "debt buyback fraud scheme" involving, inter alia, Robert Brockman, Robert Smith, Evatt Tamine, and companies and accounts in Bermuda, British Virgin Islands, Nevis, and Switzerland at the U. S. District Court for the District of Colorado.

Stream TV Networks Inc.: Chapter 11 Petition

Chapter 11 Petition by Stream TV Networks Inc., which "was founded in 2009 as a "new media" company to pursue new technologies that enhance user entertainment and communications experiences", at the U. S. Bankruptcy Court for the District of Delaware. Creditors include those from Bermuda, Dubai, England, France, Germany, Guernsey, India, Ireland, Jersey, in the Channel Islands; Italy, Kuwait, Liechtenstein, Switzerland, and Taiwan.

Seadrill Ltd. et al: Chapter 11 Petition

Chapter 11 petitions by companies in Angola, Bermuda, Brazil, Canada, Hong Kong, Hungary, Liberia, Luxembourg, Malaysia, Mexico, Netherlands, Nigeria, Singapore, United Arab Emirates, United Kingdom, and the United States, specifically Seadrill Limited, Seadrill Limited, Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited, Asia Offshore Rig 3 Limited, Eastern Drilling AS, North Atlantic Alpha Ltd., North Atlantic Elara Ltd., North Atlantic Epsilon Ltd., North Atlantic Linus Charterer Ltd., North Atlantic Navigator Ltd., North Atlantic Phoenix Ltd., North Atlantic Venture Ltd., Scorpion Courageous Ltd., Scorpion Deepwater B.V., Scorpion Deepwater Ltd., Scorpion Drilling Ltd., Scorpion Freedom Ltd., Scorpion International Ltd., Scorpion Nederlandse B.V., Scorpion Offshore Inc., Scorpion Resolute Ltd., Scorpion Rigs Ltd., Scorpion Servicos Offshore Ltda, Scorpion USA Expats, Inc., Scorpion Vigilant Ltd., SDS Drilling Ltd., Sea Dragon de Mexico S de R.L. de CV, Seadrill Abu Dhabi Operations Limited, Seadrill Americas, Inc., Seadrill Angola LDA, Seadrill Ariel Ltd., Seadrill Australia Pte Ltd., Seadrill Brunei Ltd., Seadrill Callisto Ltd., Seadrill Carina Ltd., Seadrill Castor Ltd., Seadrill Castor Pte Ltd., Seadrill Common Holdings Ltd., Seadrill Cressida Ltd., Seadrill Deepwater Charterer Ltd., Seadrill Deepwater Contracting Ltd., Seadrill Deepwater Crewing Ltd., Seadrill Deepwater Holdings Ltd., Seadrill Deepwater Units Pte Ltd., Seadrill Dione Ltd., Seadrill Eclipse Ltd., Seadrill Eminence Ltd., Seadrill Equatorial Guinea Ltd., Seadrill Europe Management AS, Seadrill Far East Limited, Seadrill Freedom Ltd., Seadrill GCC Operations Ltd., Seadrill Gemini Ltd., Seadrill Global Services Ltd., Seadrill Gulf Operations Neptune LLC, Seadrill Holdings Singapore Pte Ltd., Seadrill Hyperion Ltd., Seadrill Indonesia Ltd., Seadrill Insurance Ltd., Seadrill International Resourcing DMCC, Seadrill Investment Holding Company Limited, Seadrill Jack Up Holding Ltd., Seadrill Jack Up I B.V., Seadrill Jack Up II B.V., Seadrill Jack-Ups Contracting Ltd., Seadrill Jupiter Ltd., Seadrill Labuan Ltd., Seadrill Management (S) Pte Ltd., Seadrill Management AME Ltd., Seadrill Management Ltd., Seadrill Mimas Ltd., Seadrill Mira Hungary Kft., Seadrill Mira Ltd., Seadrill Neptune Hungary Kft., Seadrill Newfoundland Operations Ltd., Seadrill Nigeria Operations Limited, Seadrill North Atlantic Holdings Limited, Seadrill North Sea Crewing Ltd., Seadrill Norway Crew AS, Seadrill Norway Operations Ltd., Seadrill Offshore AS, Seadrill Offshore Malaysia Sdn. Bhd., Seadrill Offshore Nigeria Limited, Seadrill Operations de Mexico S de R.L. de CV, Seadrill Orion Ltd., Seadrill Pegasus (S) Pte Ltd., Seadrill Prospero Ltd., Seadrill Proteus Ltd., Seadrill Rhea Ltd., Seadrill Rig Holding Company Limited, Seadrill Saturn Ltd., Seadrill Saudi I B.V., Seadrill Saudi II B.V., Seadrill Servicos de Petroleos Ltda., Seadrill Sevan Holdings Limited, Seadrill Telesto Ltd., Seadrill Tellus Ltd., Seadrill Tethys Ltd., Seadrill Titan Ltd., Seadrill Titania Sarl, Seadrill Treasury UK Limited, Seadrill Triton Ltd., Seadrill Tucana Ltd., Seadrill UK Ltd., Seadrill UK Operations Ltd., Seadrill UK Support Services Ltd., Seadrill Umbriel Ltd., Sevan Brasil Ltd., Sevan Developer Ltd., Sevan Driller Ltd., Sevan Drilling Limited, Sevan Drilling North America LLC, Sevan Drilling Pte Ltd., Sevan Drilling Rig II AS, Sevan Drilling Rig II Pte Ltd., Sevan Drilling Rig IX Pte Ltd., Sevan Drilling Rig V Pte Ltd., Sevan Louisiana Hungary Kft., and Sevan Marine Servicos de Perfuracao Ltda at the U. S. Bankruptcy Court for the Southern District of Texas.

William B. Federman Living Trust Trust No. 1 v. S&P Global Inc. et al: Class Action Complaint

Class Action Complaint regarding Bermuda-domiciled, London-based IHS Markit Ltd. in William B. Federman Living Trust Trust No. 1 v. S&P Global Inc., Richard E. Thornburgh, Marco Alvera, William J. Amelio, William D. Green, Charles E. Haldeman, Jr., Stephanie C. Hill, Rebecca Jacoby, Monique F. LeRoux, Ian Paul Livingston, Maria R. Morris, Douglas L. Peterson, Edward B. Rust, Jr., and Kurt L. Schmoke at the U. S. District Court for the Central District of California.

Purdue Pharma LP et al v. Chubb Bermuda et al: Complaint

Complaint regarding insurance coverage for "the staggering costs of litigating an increasing number of claims seeking to hold them liable for their alleged role in creating and perpetuating the nationwide opioid crisis" in Purdue Pharma LP, Purdue Pharma Inc., Purdue Pharma Manufacturing LP, Purdue Pharmaceuticals LP, Purdue Transdermal Technologies LP, Purdue Pharmaceutical Products LP, Purdue Pharma of Puerto Rico, Rhodes Pharmaceuticals LP, Rhodes Technologies, and Avrio Health LP v. AIG Specialty Insurance Company (f/k/a American International Specialty Lines Insurance Company), Allied World Assurance Company, Ltd., American Guarantee and Liability Insurance Company, American International Reinsurance Company (f/k/a Starr Excess Liability Insurance International Limited), Arch Reinsurance Ltd., Aspen American Insurance Company, Certain Member Companies of the International Underwriting Association of London Subscribing to Policy No. 823/KE0002108, Chubb Bermuda Insurance Ltd. (f/k/a ACE Bermuda Insurance Ltd.), Evanston Insurance Company, Gulf Underwriters Insurance Company, HDI Global SE (f/k/a Gerling-Konzern General Insurance Company), Ironshore Specialty Insurance Company (f/k/a TIG Specialty Insurance Company), Liberty Insurance Corporation, Liberty Mutual Fire Insurance Company, Liberty Mutual Insurance Company, Liberty Mutual Insurance Europe SE (f/k/a Liberty International Insurance Company), National Union Fire Insurance Company of Pittsburgh, PA, Navigators Specialty Insurance Company, North American Elite Insurance Company, St. Paul Fire and Marine Insurance Company, Steadfast Insurance Company, Swiss Re International S.E. (f/k/a SR International Business Insurance Company also f/k/a Zurich Reinsurance (London) Limited, Tenecom Limited (f/k/a Winterthur Swiss Insurance Company), XL Bermuda Ltd. (f/k/a XL Insurance Company, Ltd.), and XL Insurance America, Inc. at the U. S. Bankruptcy Court for the Southern District of New York.

Michelle Sovereign v. Urovant Sciences Ltd. et al: Complaint

Complaint in Michelle Sovereign v. Urovant Sciences Ltd., of Bermuda; James A. Robinson, Myrtle S. Potter, James Hindman, Sef P. Kurstjens, Pierre Legault, and Shigeyuki Nishinaka at the U. S. District Court for the District of Delaware.

Harrington Global Opportunity Fund Ltd. v. CIBC World Markets Corp. et al: Complaint

Complaint alleging "Defendants' market manipulation scheme involving spoofing and abusive naked short selling that caused Harrington to lose tens of millions of dollars in connection with its sale of approximately 9 million shares of Concordia International Corp." in Harrington Global Opportunity Fund Limited, described as "a Bermuda investment company" managed by Harrington Global Limited v. CIBC World Markets Corp., CIBC World Markets Inc., Bank of America Securities Inc., Merrill Lynch Canada Inc., Merrill Lynch Professional clearing Corp., TD Securities Inc., TD Securities (USA) LLC, Cormark Securities Inc., UBS Financial Services Inc., UBS Securities Canada Inc., Société Générale Capitale Canada Inc., and SG Americas Securities LLC at the U. S. District Court for the Southern District of New York.

Kamal Bitmouni v. Paysafe Ltd.: Class Action Complaint

Class Action Complaint alleging "failure to properly secure and safeguard personal identifiable information that Defendant required from its customers as a condition of providing online payment services, including without limitation, names, contact details, Social Security numbers, and bank account information" in Kamal Bitmouni v. Paysafe Limited, of Bermuda, at the U. S. District Court for the Northern District of California.

Claudia Cisneros v. Urovant Sciences Ltd.: Complaint

Complaint alleging the defendants made "untrue statements of fact and/or omitted material facts" in Claudia Cisneros v. Urovant Sciences Ltd., described as a Bermuda-domiciled "clinical-stage biopharmaceutical company" whose shares are listed on NASDAQ; James Robinson and whose parent is domiciled in the Cayman Islands; Myrtle Potter, James Hindman, SEF P Kurstjens, Pierre Legault, and Shigeyuki Nishinaka at the U. S. District Court for the Southern District of New York.

Leo Schumacher v. IHS Markit Ltd. et al: Complaint

Complaint in Leo Schumacher v. IHS Markit Ltd., described as "a Bermuda exempted company headquartered in London"; Lance Uggla, John Browne, Dinyar S. DeVitre, Ruann F. Ernst, Jacques Esculier, William E. Ford, Nicoletta Giadrossi, Gay Huey Evans, Robert P. Kelly, Deborah Doyle McWhinney, Jean-Paul L. Montupet, Deborah Orida, and James A. Rosenthal at the U. S. District Court for the Southern District of New York.

Jing Ye v. IHS Markit Ltd. et al: Complaint

Complaint in Jing Ye v. IHS Markit Ltd., of Bermuda; Lance Uggla, John Browne, Dinyar S. DeVitre, Ruann F. Ernst, Jacques Esculier, William E. Ford, Nicoletta Giadrossi, Gay Huey Evans, Robert P. Kelly, Deborah Doyle McWhinney, Jean-Paul L. Montupet, Deborah Orida, James A. Rosenthal, S&P Global inc., and Sapphire Subsidiary Ltd., of Bermuda, at the U. S. District Court for the Southern District of New York.

Tian Shi v. IHS Markit Ltd. et al: Complaint

Complaint in Tian Shi v. IHS Markit Ltd., described as a Bermuda company that "provides critical information, analytics, and solutions for vrious industries and markets worldwide" whose securities are listed on the New York Stock Exchange; Lance Uggla, John Browne, Dinyar S. DeVitre, Ruann F. Ernst, Jacques Esculier, William E. Ford, Nicoletta Giadrossi, Gay Huey Evans, Robert P. Kelly, Deborah Doyle McWhinney, Jean-Paul L. Montupet, Deborah Orida, and James A. Rosenthal at the U. S. District Court for the Eastern District of New York.

Shiva Stein v. IHS Markit Ltd. et al: Complaint

Complaint in Shiva Stein v. IHS Markit Ltd., described as a Bermuda-domiciled, England-based company whose securities are listed on the New York Stock Exchange; Lance Uggla, The Lord Browne Madingley, Dinyar S. DeVitre, Ruann F. Ernst, Jacques Esculier, William E. Ford, Nicoletta Giadrossi, Gay Huey Evans OBE, Robert P. Kelly, Deborah Doyle McWhinney, Jean-Paul L. Montupet, Deborah Orida, James A. Rosenthal, S&P Global Inc., of New York, and Sapphire Subsidiary Ltd., described as "a Bermuda exempted company and a wholly-owned subsidiary of S&P Global", at the U. S. District Court for the Southern District of New York.

Economic Risk Insurance, Ltd.: License Cancellation

Press Release by the Bermuda Monetary Authority announcing the cancellation of the insurance registration of Economic Risk Insurance, Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Directors Register maintained by the Government of Bermuda, the directors of Economic Risk Insurance Ltd. are identified as James Michael Temple, of Sacramento, California, USA, and Richard Daley, of Bermuda.

Crown Global Life Insurance Ltd. et al: $400K Fine

Press Release by the Bermuda Monetary Authority announcing that it has imposed a fine of $400,000 on Crown Global Life Insurance Ltd. and Crown Global Life Insurance (Bermuda) Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert in the "Directors Register" maintained by the Government of Bermuda showed that Crown Global Life Insurance Ltd. and Crown Global Life Insurance (Bermuda) Ltd. have the same directors: Terria Ladawn Godwin, of the Cayman Islands; Carol Feathers, of Bermuda; Christopher John Calise, of Miami Beach, Florida, USA, and Perry A. Lerner, of Philadelphia, Pennsylvania, USA. On the Crown Global group's website at crownglobalinsurance.com, it is stated that "Crown Global empowers high net worth individuals, institutions and investment fund managers with products and services to enhance their investments", its "Executive Leadership Team" comprises Perry Lerner, "Chairman & CEO"; Christopher Calise, "President & CFO"; Damien Rios, "Senior Vice President & General Counsel"; Riccardo Gambineri, "Senior Vice President"; Thomas Berry, "Chief Actuary"; Terria Godwin, "Vice President, Finance & Administration", and Suzanne Reynolds, "Assistant Vice President, Finance & Administration", and it has offices in Delaware, Miami Beach, Zurich, Bermuda, and the Cayman Islands.

Techview Investments Ltd. et al v. Amstar Poland Property Fund I LP et al: Complaint

Complaint alleging fraud and negligence in Techview Investments Limited, which was incorporated in the Bahamas and then moved to the British Virgin Islands, and Prime Overseas Investments and Enterprises Limited, of Cyprus v. Amstar Poland Property Fund I LP, Amstar Poland Property Fund I GP LP, Amstar Poland Fund I GP LP, all of the Cayman Islands; Amstar Global Partners Limited, of Bermuda, and Amstar Group LLC, of Delaware, at the Superior Court of the State of Delaware, County of New Castle County.