Investment

MultiBank-Group

Mourant applies to liquidate MultiBank FX (BVI)

Mourant Ozannes law firm has applied to liquidate MultiBank FX International Corporation in the British Virgin Islands over alleged unpaid legal fees of $77,711. The alleged debtor is part of the MultiBank Group, which claims to have companies or offices in Australia, Austria, British Virgin Islands, Cayman Islands, China, Cyprus, Egypt, Germany, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, Nigeria, Philippines, Spain, Turkey, USA, and Vietnam.

Quadre Investments LP v. TuSimple Holdings Inc.: Discovery Application

Application by Quadre Investments LP to take discovery from TuSimple Holdings Inc. for use in "an appraisal proceeding pending before the Grand Court of the Cayman Islands" involving SINA Corporation, filed at the U. S. District Court for the Southern District of California.

Quadre Investments LP v. Morgan Stanley: Discovery Application

Application by Quadre Investments LP to take discovery from Morgan Stanley and Morgan Stanley & Co. LLC for use in "an appraisal proceeding pending before the Grand Court of the Cayman Islands" involving SINA Corporation, filed at the U. S. District Court for the District of Delaware.

Atlantic Securities Ltd.: €3K Fine

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €3,000 on Atlantic Securities Limited for a regulatory breach.

Oasis Focus Fund LP v. TuSimple Holdings Inc.: Discovery Application

Application by Oasis Focus Fund LP to take discovery from TuSimple Holdings Inc. for use in "an appraisal proceeding pending in the Financial Services Division of the Grand Court of the Cayman Islands" involving Sina Corporation, described as "a technology company incorporated in the Cayman Islands with its headquarters in Beijing, China", filed at the U. S. District Court for the Southern District of California.

John O’Brien v. Paysafe Ltd. et al: Class Action Complaint

Class Action Complaint in John Paul O'Brien v. Paysafe Limited, f.k.a. Foley Trasimene Acquisition Corp. II, of Bermuda; William P. Foley II, Richard N. Massey, Bryan D. Coy, Philip McHugh, and Ismail Dawood at the U. S. District Court for the Southern District of New York.

Oasis Focus Fund LP v. Morgan Stanley & Co. LLC: Discovery Application

Application by Oasis Focus Fund LP, of Delaware, to take discovery from Morgan Stanley & Co. LLC for use in "an appraisal proceeding pending in the Financial Services Division of the Grand Court of the Cayman Islands" involving Sina Corporation, described as "a technology company incorporated in the Cayman Islands with its headquarters in Beijing, China", filed at the U. S. District Court for the District of Delaware.

P Standard General Ltd. et al v. Dov Charney et al: Judgment Registration

Registration of a Judgment for $29 million in P Standard General Ltd., of the British Virgin Islands, and Standard General Master Fund LP, of the Cayman Islands v. Dov Charney, Apex Real Estate Management LLC, and Art, Commerce & Manufacturing Solutions, LLC at the Superior Court of the State of Delaware, County of New Castle.

Pioneer GP Ltd. et al v. Daria Valdez et al: Complaint

Complaint alleging a fraud totaling "millions of dollars" in Pioneer GP Limited and Champlain Investment Holdings Limited, both of the Cayman Islands v. Daria Valdez, a.k.a. Daria Pastoukhova, described as a resident of the Bahamas and the husband of Lance Valdez, who "died in a helicopter crash in the Bahamas", and Jason Sweeney, described as a resident of Ireland, at the U. S. District Court for the Southern District of New York.

Ryan O’Dell v. Mimecast Ltd. et al: Complaint

Complaint in Ryan O'Dell v. Mimecast Limited, described as a Jersey, Channel Islands-domiciled, London-based company that "provides cloud security and risk management services for corporate information and email"; Peter Bauer, Aron Ain, Helene Auriol Potier, Alpna J. Doshi, Christopher Fitzgerald, Neil Murray, Robert P. Schechter, Hagi Schwartz, and Stephen Ward at the U. S. District Court for the Southern District of New York.

Todd Augenbaum v. Anson Investments Master Fund LP et al: Complaint

Complaint in Todd Augenbaum v. Anson Investments Master Fund LP, of the Cayman Islands; Brio Capital Master Fund Ltd., of the Cayman Islands; Brio Select Opportunities Fund LP, CVI Investments Inc., Empery Asset Master Ltd., of the Cayman Islands; Empery Debt Opportunity Fund LP, Empery Tax Efficient LP, Iroquois Master Fund Ltd., of the Cayman Islands; Iroquois Capital Investment Group LLC, L1 Capital Global Opportunities Master Fund, of the Cayman Islands; M3A LP, Richard Molinsky, and Genius Brands International Inc. at the U. S. District Court for the Southern District of New York.

Deutsche Bank Securities Inc. v. 683 Capital Partners LP et al: Complaint

Complaint alleging fraud involving "a $725 million term loan facility" by entities in Bermuda, British Virgin Islands, Canada, Cayman Islands, Ireland, and USA in Deutsche Bank Securities Inc. v. 683 Capital Partners LP, Candlewood Investment Group LP, Candlewood Financial Opportunities Fund LLC, Candlewood Financial Opportunities Master Fund LP, Candlewood Special Situations Master Fund Ltd., CWD OC 522 Master Fund Ltd., Flagler Master Fund SPC Ltd., Corbin Capital Partners LP, Corbin Opportunity Fund LP, Fifth Street Station LLC, Highbridge Capital Management LLC, Highbridge International LLC, Highbridge Tactical Credit & Convertibles Master Fund LP, Lincoln Square Funding ULC, Tennenbaum Capital Partners LLC, Tennenbaum Heartland Co-Invest LP, Tennenbaum Senior Loan Fund II LP, Tennenbaum Senior Loan Fund V LLC, Tennenbaum Special Situations Fund IX LLC, Tennenbaum Special Situations Fund IX-C LP, Tennenbaum Special Situations Fund IX-O LP, Apollo Global Management Inc., Apollo Global Management Inc., Apollo Capital Management LP, Apollo A-N Credit Fund (Delaware) LP, Apollo Credit Strategies Master Fund Ltd., Baldr Mason Fund Inc., BlackRock Financial Management Inc., Cadbury Hedge Fund Alternatives, K Special Opportunity Fund LP, Sainsbury's Credit Opportunities Fund Ltd., Investment Partners IV (A) LLC, BMO Funds, Inc. - BMO Alternative Strategies Fund, Cavello Bay Reinsurance Limited, Cerberus Capital Management LP, Cerberus Institutional Partners VI LP, Commonwealth of Pennsylvania Treasury Department, Commonwealth of Pennsylvania Treasury Department - Tuition Account Program, Cyrus Capital Partners LP, Crescent 1 LP, Canary SC Master Fund LP, CRS Master Fund LP, Cyrus Capital Fund Partners, Cyrus Opportunities Master Fund Ltd., Cyrus Opportunities Master Fund II, Cyrus Select Opportunities Master Fund Ltd., Elliott Investment Management LP, Elliott Associates LP, Elliott Capital Advisors LP, Manchester Securities Corp., Empyrean Capital Partners LP, Empyrean Investments LLC, Fort George Investments, LLC, Greenlight Capital LP, Greenlight Capital (Gold) LP, Greenlight Capital Qualified LP, Greenlight Capital Offshore Master (Gold) Ltd., Greenlight Capital Offshore Partners, Greenlight Reinsurance Ltd., JMB Capital Partners Master Fund LP, Kaiser Permanente Group Trust, KTRS Credit Fund LP, Luxor Capital Group, Luxor Capital LLC, Mangrove Partners, The Mangrove Partners Master Fund Ltd., Marathon Asset Management LP, Marathon Court Square LP, Marathon Credit Dislocation Fund LP, Marathon Special Opportunities Master Fund Ltd., Marathon Liquid Credit Long Short Fund, Marblegate Asset Management LLC, Marblegate Special Opportunities Master Fund LP, P Marblegate Ltd., Neuberger Berman Investment Funds Plc, Neuberger Berman Advisers Management Trust - Absolute Return Multi-Manager Portfolio; Neuberger Berman Alternative Funds - Neuberger Berman Absolute Return Multi-Manager Fund; Penteli Master Fund Ltd., Privilege Underwriters Reciprocal Exchange, PURE Insurance Company, Sound Point Capital Management LP, Sound Point Beacon Master Fund LP, Sound Point Credit Opportunities Master Fund LP, Sound Point Montauk Fund LP, Sound Point Senior Floating Rate Master Fund LP, Sound Point Floating Rate Fund, A series of Taylor Insurance Series LP; and Relative Value–Long/Short Debt, A Series of Underlying Funds Trust at the Supreme Court of the State of New York, County of New York.

Ryan Huegerich v. Floyd Mayweather Jr. et al: Class Action Complaint (‘Crypto Fraud’)

Class Action Complaint alleging fraud involving "a scheme among various individuals in the cryptocurrency sector to misleadingly promote and sell the digital asset associated with EthereumMax (the EMAX Tokens) to unsuspecting investors" in Ryan Huegerich v. Steve Gentile, Giovanni Perone, Justin French, Kimberly Kardashian, Floyd Mayweather Jr., and Paul Pierce at the U. S. District Court for the Central District of California.

Ivan Baron v. Talkspace Inc. et al: Class Action Complaint

Class Action Complaint in Ivan M. Baron v. Talkspace Inc., Oren Frank, Mark Hirschhorn, HEC Sponsor LLC, Douglas L. Braunstein, Douglas G. Bergeron, Jonathan Dobres, Robert Greifeld, Amy Schulman, Thelma Duggin, Hudson Executive Capital LP, and HEC Master Fund LP, of the Cayman Islands, at the U. S. District Court for the Southern District of New York.

Ran Armon: Industry Ban

Administrative Order by the U. S. Securities and Exchange Commission imposing an industry ban on Ran Armon, described as a citizen and resident of Canada, for an alleged fraud.

Measure 8 Ventures LP et al v. Nitin Khanna et al: $60M Complaint

Complaint alleging fraud involving "Sentia Wellness, Inc. ... a CBD (cannabidiol) company" in Measure 8 Ventures LP, a Delaware company based in New York; Gron Ventures Fund I LP, a Delaware based in California; Zola Global Investors Ltd., a Delaware based in Utah; Anson Advisors Inc., of Toronto, Canada, on behalf of Anson East Master Fund LP, AC Anson Investments Ltd., Anson Investments Master Fund LP, and Anson Opportunities Master Fund LP; Serendipity SPC – Trimble Fund SP on behalf of Emerald Spur Limited, a Cayman Islands company based in Singapore; Lapid US Investments LLC, a Delaware company based in Toronto, Canada, and Hadron Healthcare and Consumer Special Opportunities Master Fund, of the Cayman Islands v. Nitin Khanna, Karan Khanna, Angelo Lombardi, Sam Knapp, Nicholas J. Slinde, Benjamin C. Stoller, and Allan Goodman at the Circuit Court of the State of Oregon, for the County of Multnomah.

Adelina Gomez v. Credit Suisse AG: Class Action Complaint

Class Action Complaint that "arises out of Credit Suisse's announcement of its decision to delist and suspend the issuance of its exchange traded note product, DGAZ" in Adelina Gomez v. Credit Suisse AG, of Switzerland, at the U. S. District Court for the Southern District of New York.

SEC v. Metavine Pty. Ltd.: Settlement

Stipulation Consenting to Judgment in U. S. Securities and Exchange Commission v. Metavine Pty. Ltd., of Australia, at the U. S. District Court for the Northern District of California.

SEC v. Crowd Machine Inc. et al: Settlement

Stipulation with Proposed Order in U. S. Securities and Exchange Commission v. Crowd Machine Inc. and Metavine Inc. at the U. S. District Court for the Northern District of California.

SEC v. Craig Sproule: Settlement

Stipulation with Proposed Order in U. S. Securities and Exchange Commission v. Craig Sproule, a citizen of Australia, at the U. S. District Court for the Northern District of California.

SEC v. Crowd Machine Inc. et al: Complaint

Complaint alleging a "fraudulent and unregistered" cryptocurrency offering that "raised more than $33 million from hundreds of investors" and involved entities in Australia, Cayman Islands, South Africa, and United States in U. S. Securities and Exchange Commission v. Crowd Machine Inc., of Delaware; Metavine Inc., of Delaware, and Craig Derel Sproule, a citizen of Australia, as Defendants, and Metavine Pty. Ltd., of Australia, as Relief Defendant, at the U. S. District Court for the Northern District of California.

Southern Cross SICAV Plc: €303K Fine

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €303,710 on Southern Cross SICAV Plc for regulatory breaches.

Ascapia Fund II: Directors

Director Details for Ascapia Fund II, obtained from the Cayman Islands General Registry on December 31st, 2021.

Yellow Capital Fund I: Directors

Director Details for Yellow Capital Fund I, obtained from the Cayman Islands General Registry on December 30th, 2021.

BioIQ Inc. v. LetsGetChecked Inc. et al: Complaint

Complaint alleging "a transparent attempt by LGC to back out of a merger agreement with BioIQ, just a month after signing, in order to try to cut a better deal" in BioIQ Inc., of Atlanta, Georgia v. LetsGetChecked Inc., described as a Delaware-domiciled provider of "at-home diagnostic medical tests" based in Ireland and New York; LGC Engage Merger Sub Inc., of Delaware; Paulus Holdings Limited, of Ireland, and Casdin Partners Master Fund LP, of the Cayman Islands, at the Court of Chancery of the State of Delaware.

Kensico Associates LP et al v. EQT Corporation et al: Complaint

Complaint alleging fraud in Kensico Associates LP, of Delaware, and Kensico Offshore Master Ltd., of the Cayman Islands v. EQT Corporation, described as "a producer of natural gas headquartered in Pittsburgh, Pennsylvania; Robert J. McNally, David L. Porges, and David E. Schlosser, Jr. at the U. S. District Court for the Western District of Pennsylvania.

Kunal Bansal et al: $100K Fine

Administrative Order by the Commodity Futures Trading Commission imposing a fine of $100,000 on Kunal Bansal, Vinit Agarwal, Aralia Securities Ltd., described as "a "family office" investment entity, based in Hong Kong", and Vintage Bullion DMCC, described as "a commodities-trading company, based in Dubai, UAE".

CFTC v. WorldWideMarkets Ltd. et al: Complaint

Complaint alleging fraud and misappropriation of "at least $4.7 million of customer funds" in Commodity Futures Trading Commission v. WorldWideMarkets Ltd., of the British Virgin Islands; TAB Networks Inc., of Delaware; Thomas Plaut, of New Jersey, and Arthur Dembro, of New York, at the U. S. District Court for the District of New Jersey.

Mark Cassidy v. Voyager Digital Ltd. et al: Class Action Complaint

Class Action Complaint alleging the defendants operate a cryptocurrency investment platform that is "a house of cards, built on false promises and factually impossible representations that were specifically designed to take advantage of the cryptocurrency craze to the direct detriment of any ordinary investor" in Mark Cassidy v. Voyager Digital Ltd., of British Columbia, Canada and Voyager Digital LLC, of Delaware, which collectively "operate a multi-billion-dollar mobile application cryptocurrency investment service", at the U. S. District Court for the Southern District of Florida.

US Bank NA v. The Charitable Donor Advised Fund LP et al: Complaint

Complaint "to stop James Dondero, the former majority owner of Plaintiff ACM, from holding investors in subordinated notes issued by ACIS CLO 2014-4 Ltd., ACIS CLO 2014-5 Ltd., and ACIS CLO 2015-6 Ltd. hostage by threatening to bring meritless litigation against Plaintiffs" in U.S. Bank NA, as Trustee for Joshua N. Terry and ACIS Capital Management LP v. The Charitable Donor Advised Fund LP and CLO HoldCo Ltd., both of the Cayman Islands, at the U. S. District Court for the Southern District of New York.

Credit Suisse Virtuoso SICAV-SIF v. Katerra Inc.: Discovery Application

Application by Credit Suisse Virtuoso SICAV-SIF, of Luxembourg, on behalf of the Sub-Fund Credit Suisse (Lux) Supply Chain Finance Fund, to take discovery from Katerra Inc., of the Cayman Islands, "for use in a planned court proceeding in England against, among potentially other parties, SoftBank Group Corp. and certain of its affiliates including SoftBank Vision Fund LP, SoftBank Vision Fund II-2 LP, SVF Abode (Cayman) Limited, SVF II Abode (Cayman) Limited, and SVF Habitat (Cayman) Limited" involving the insolvent Greensill group, filed at the U. S. District Court for the District of Arizona.

AFX Capital Markets Ltd. et al: License Revocation, Industry Bans & €350K Fines

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of AFX Capital Markets Ltd. and imposed collective fines totaling €350,000 on two of its directors, Manuela Mazzacco and Andreas Lianos, who also received industry bans, and two of auditors, BDO Ltd. and Anthimos, Leonidou and Partners Ltd., for regulatory breaches.

Credit Suisse Virtuoso SICAV-SIF v. SB Investment Advisers (US), Inc.: Discovery Application

Application by Credit Suisse Virtuoso SICAV-SIF, of Luxembourg, on behalf of the sub-fund Credit Suisse (Lux) Supply Chain Finance Fund, to take discovery from SB Investment Advisers (US), Inc. for use in "an anticipated court proceeding in England against, among potentially other parties, SoftBank Group Corp. and certain of its affiliates including SoftBank Vision Fund LP, SoftBank Vision Fund II-2 LP, SVF Abode (Cayman) Limited, SVF II Abode (Cayman) Limited, and SVF Habitat (Cayman) Limited", filed at the U. S. District Court for the Northern District of California.

Su Yan v. Goldman Sachs Group Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud involving shares of iQIYI, Inc., a Cayman Islands-domiciled, China-based "online entertainment company", in Su Yan v. Goldman Sachs Group Inc. and Morgan Stanley at the U. S. District Court for the Southern District of New York.

Bruce Schmutter et al v. Arrival SA et al: Class Action Complaint

Class Action Complaint in Bruce Schmutter and Dean Samet v. Arrival SA, described as a Luxembourg-domiciled, England-based "manufacturer and distributor of commercial electric vehicles"; Denis Sverdlov, Tim Holbrow, Michael Ableson, and Avinash Rugoobur at the U. S. District Court for the Southern District of New York.

Vistra (BVI) sued over audits of DC Solar’s “multi-billion-dollar fraud”

British Virgin Islands-based corporate services provider Vistra and accountant Indervir Basra, who works for the group in California, are being sued in the United States regarding audits of DC Solar, which collapsed after swindling investors out of an estimated $1 billion. The audits were allegedly conducted by a group that Vistra acquired just seven months before DC Solar's headquarters was raided by the FBI in December, 2018.

Hollis Park Partners LP et al v. Markit North America Inc. et al: $7.6M Complaint

Complaint "to recover damages caused by Markit’s gross negligence and recklessness in providing derivative indices that it both knew and intended would be relied upon by market participants such as Plaintiffs, who transacted in total return swaps, when such indices were, in fact, unreliable and based on incorrect and commercially unreasonable data" in Hollis Park Partners LP, of Delaware, and Hollis Park Opportunities Master Fund Ltd., of the Cayman Islands v. Markit North America Inc., of New York, and IHS Markit Benchmark Administration Ltd., of London, England, at the Supreme Court of the State of New York, County of New York.

Traded Life Policies Fund et al v. Jeremy Leach et al: Appeal Judgment (Security for Costs)

Judgment regarding "an appeal against an order for security for costs" in Traded Life Policies Fund (in Official Liquidation) and Michael Penner, as Joint Official Liquidator of Traded Life Policies Fund v. Jeremy Leach, Managing Partners Limited, Taurus Administration Services SL, MPL Asset Management SA, Praesidium Investment Fund, Sovereign High Security Fund SPC, Corinthian Growth Fund, and Traded Policies Fund at the Court of Appeal of the Cayman Islands.