An action in New York to hold Goldman Sachs and several former officers and directors of Bermuda-based Stirling Cooke Brown Holdings Ltd. liable for allegedly "squandering" $80 million of the fraudulently-operated insurance broker's corporate assets has failed. On February 19, 2008, Chief U. S. Bankruptcy Judge Stuart M. Bernstein dismissed all of the core counts alleging fraud and breach of fiduciary duty against the Goldman Sachs and the D&O defendants in a complaint brought by the group's Bankruptcy Trustee, Richard O'Connell, at the U. S. Bankruptcy Court for the Southern District of New York.
Articles Bermuda Featured Fraud Insurance Liquidations & Insolvencies Stirling Cooke United Kingdom USAMarch 10, 2008
Goldman Sachs & Stirling Cooke’s D&O win legal victory regarding alleged fraud cover-up
15 years ago
TopicsBermuda Fraud Insurance Liquidations & Insolvencies USA [ 1 more... ] [ top 5 ]
KeywordsAnthony Del Tufo Arthur Andersen Bermuda Insurance Market David Elliott George Jones
Goldman Sachs Hadley Ford James Lawless IV Len Quick Liquidations & Insolvencies Mark Cooke Patrick McDonough Peter Christie Reuben Jeffery III Richards Butler Stephen Crane Stirling Cooke[ 12 more... ] [ top 5 ]