Diversified Real Estate Development Ltd. et al v. Deutsche Bank AG et al: Judgment ($95M)

    Judgment for $95 million in Michael Pearson, Andrew Childe and Anna Silver, all of FFP, on behalf of and solely in their capacities as Joint Official Liquidators of Diversified Real Estate Development Ltd. (in Official Liquidation), GMS Global Market Step Up Note Ltd. (in Official Liquidation), Preferred Income Collateralized Interest Ltd. (in Official Liquidation), Sentinel Investment Fund SPC (in Official Liquidation), SG Strategic Income Ltd. (in Official Liquidation), Sports Aficionados Ltd. (in Official Liquidation), Vanguardia Group Inc. (in Official Liquidation), and Michael Pearson, on behalf of and solely in his capacity as Liquidator of Sentinel Mandate and Escrow Ltd. (in Liquidation), Vanguardia Holdings Ltd. (in Liquidation), Spyglass Investment Management Ltd. (in Liquidation), North Pointe Holdings (BVI) Ltd. (in Liquidation), Biscayne Capital Holdings Limited (in Creditor Voluntary Liquidation), and Biscayne Capital (B.V.I.) Ltd. (in Liquidation) v. Deutsche Bank AG, Deutsche Bank Luxembourg S.A., Deutsche Bank Switzerland, and Deutsche Bank Trust Companies Americas at the U.S. District Court for the Southern District of Florida.


  • 2
    April 26, 2023
    Deutsche Bank AG, Deutsche Bank Luxembourg S.A., Deutsche Bank Switzerland, Deutsche Bank Trust Companies Americas
    Fraud
    Michael Pearson, Anna Silver, Andrew Childe, FFP
    Xx Xx Xx
    Beth Bloom
    Diversified Real Estate Development Ltd., GMS Global Market Step Up Note Ltd., Preferred Income Collateralized Interest Ltd., Sentinel Investment Fund SPC, SG Strategic Income Ltd., Sports Aficionados Ltd., Vanguardia Group Inc., Sentinel Mandate and Escrow Ltd., Vanguardia Holdings Ltd., Spyglass Investment Management Ltd., North Pointe Holdings (BVI) Ltd., Biscayne Capital Holdings Limited, Biscayne Capital (B.V.I.) Ltd.