Bear Stearns

Write of Summons in Equite Capital Pte Limited, of Singapore, as "the assignee of all rights, title and interests to and in certain claims or causes of action that the Cayman Islands exempt companies, Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. (now dissolved) and the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd. (now dissolved), had against certain credit rating agencies" v. S&P Global Inc. and Standard & Poor's International LLC, both of New York, USA, at the Grand Court of the Cayman Islands.

Notice of Voluntary Dismissal in Oksana Hryn, Yelyzaveta Lata, a.k.a. Elizaveta Lata; Ihor Ushenko, Volodymyr Hren, Astor Asset Management Ltd., Astor Asset Management 1 Ltd., Astor Asset Management 2 Ltd., Astor Asset Management 3 Ltd., Astor Asset Management 4 Ltd., Astor Asset Management 5 Ltd., Astor Asset Management 6 Ltd., Astor Asset Management 7 Ltd., America 2030 Capital Limited, America 2030 Capital 1 Limited, America 2030 Capital 2 Limited, America 2030 Capital 3 Limited, America 2030 Capital 4 Limited, America 2030 Capital 5 Limited, Astor Capital Fund Ltd., Bentley Rothschild Capital Limited, Bentley Rothschild Capital 1 Limited, Bentley Rothschild Capital 2 Limited, Bentley Rothschild Capital 3 Limited, Bentley Rothschild Capital 4 Limited, Blackrock Capital LLC, SAL Oppenheim Ltd., Bear Stearns Companies, Bentley Bronfman Capital Ltd., Dreyfus Corporation, Lincoln Capital Ltd., Newburgh Capital Ltd., Sovereign Liquidity Fund Ltd., Sovereign Liquidity Fund 1 Ltd., Sovereign Liquidity Fund 2 Ltd., Sovereign Liquidity Fund 3 Ltd., State Street Global Advisors Ltd., Union Pacific Capital Ltd., AC Capital Limited, BSC Capital Ltd., Cornelius Vanderbilt Capital Management Ltd., and Aurelius Capital Management Ltd. v. Weiser Global Capital Markets Ltd., Christos Livadas, a.k.a. Chris Livas; Hong ‘Rainbow’ Yang, Chris Papaioannou, a.k.a. Christos Papaioannou; Courtney Filipenko, Rahul Kirpalani, Selby Brice, Jose Marmolejo, Jamaal Stubbs, Weiser Global Asset Management, and Weiser Asset Management at the U. S. District Court for the Southern District of New York.

A bizarre and seemingly-frivolous lawsuit alleging a $450 million fraud by a Bahamas investment group and related individuals has been filed in New York by four Ukraine citizens and 35 suspiciously-named firms that purport to be domiciled in some of the seediest offshore jurisdictions, including one called "Bear Stearns", which claims to be registered in the Seychelles. UPDATE: On October 17th, 2021 - just four days after filing the complaint, the plaintiffs filed a notice of voluntary dismissal.

Motion for Temporary Restraining Order by entities in Alaska, Anguilla, Bahamas, Belize, Saint Kitts and Nevis, Seychelles and Ukraine alleging a $450 million fraud by entities in or from the Bahamas, Canada, and Hong Kong in Oksana Hryn, Yelyzaveta Lata, a.k.a. Elizaveta Lata; Ihor Ushenko, Volodymyr Hren, Astor Asset Management Ltd., Astor Asset Management 1 Ltd., Astor Asset Management 2 Ltd., Astor Asset Management 3 Ltd., Astor Asset Management 4 Ltd., Astor Asset Management 5 Ltd., Astor Asset Management 6 Ltd., Astor Asset Management 7 Ltd., America 2030 Capital Limited, America 2030 Capital 1 Limited, America 2030 Capital 2 Limited, America 2030 Capital 3 Limited, America 2030 Capital 4 Limited, America 2030 Capital 5 Limited, Astor Capital Fund Ltd., Bentley Rothschild Capital Limited, Bentley Rothschild Capital 1 Limited, Bentley Rothschild Capital 2 Limited, Bentley Rothschild Capital 3 Limited, Bentley Rothschild Capital 4 Limited, Blackrock Capital LLC, SAL Oppenheim Ltd., Bear Stearns Companies, Bentley Bronfman Capital Ltd., Dreyfus Corporation, Lincoln Capital Ltd., Newburgh Capital Ltd., Sovereign Liquidity Fund Ltd., Sovereign Liquidity Fund 1 Ltd., Sovereign Liquidity Fund 2 Ltd., Sovereign Liquidity Fund 3 Ltd., State Street Global Advisors Ltd., Union Pacific Capital Ltd., AC Capital Limited, BSC Capital Ltd., Cornelius Vanderbilt Capital Management Ltd., and Aurelius Capital Management Ltd. v. Weiser Global Capital Markets Ltd., Christos Livadas, a.k.a. Chris Livas; Hong ‘Rainbow’ Yang, Chris Papaioannou, a.k.a. Christos Papaioannou; Courtney Filipenko, Rahul Kirpalani, Selby Brice, Jose Marmolejo, Jamaal Stubbs, Weiser Global Asset Management, and Weiser Asset Management at the U. S. District Court for the Southern District of New York.

Complaint by entities in Alaska, Anguilla, Bahamas, Belize, Saint Kitts and Nevis, Seychelles and Ukraine alleging a $450 million fraud by entities in or from the Bahamas, Canada, and Hong Kong in Oksana Hryn, Yelyzaveta Lata, a.k.a. Elizaveta Lata; Ihor Ushenko, Volodymyr Hren, Astor Asset Management Ltd., Astor Asset Management 1 Ltd., Astor Asset Management 2 Ltd., Astor Asset Management 3 Ltd., Astor Asset Management 4 Ltd., Astor Asset Management 5 Ltd., Astor Asset Management 6 Ltd., Astor Asset Management 7 Ltd., America 2030 Capital Limited, America 2030 Capital 1 Limited, America 2030 Capital 2 Limited, America 2030 Capital 3 Limited, America 2030 Capital 4 Limited, America 2030 Capital 5 Limited, Astor Capital Fund Ltd., Bentley Rothschild Capital Limited, Bentley Rothschild Capital 1 Limited, Bentley Rothschild Capital 2 Limited, Bentley Rothschild Capital 3 Limited, Bentley Rothschild Capital 4 Limited, Blackrock Capital LLC, SAL Oppenheim Ltd., Bear Stearns Companies, Bentley Bronfman Capital Ltd., Dreyfus Corporation, Lincoln Capital Ltd., Newburgh Capital Ltd., Sovereign Liquidity Fund Ltd., Sovereign Liquidity Fund 1 Ltd., Sovereign Liquidity Fund 2 Ltd., Sovereign Liquidity Fund 3 Ltd., State Street Global Advisors Ltd., Union Pacific Capital Ltd., AC Capital Limited, BSC Capital Ltd., Cornelius Vanderbilt Capital Management Ltd., and Aurelius Capital Management Ltd. v. Weiser Global Capital Markets Ltd., Christos Livadas, a.k.a. Chris Livas; Hong ‘Rainbow’ Yang, Chris Papaioannou, a.k.a. Christos Papaioannou; Courtney Filipenko, Rahul Kirpalani, Selby Brice, Jose Marmolejo, Jamaal Stubbs, Weiser Global Asset Management, and Weiser Asset Management at the U. S. District Court for the Southern District of New York.

Writ of Summons in Equite Capital Pte Limited, of Singapore, described as "the rightful owner of all right, title and interest in claims or causes of action of the Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. (In Official Liquidation) and the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd. (In Official Liquidation)" v. S&P Global Inc. and Standard & Poor's International LLC, both of New York, NY, USA, at the Grand Court of the Cayman Islands.

Selected filings with Bermuda's Registrar of Companies by Liquid Funding Ltd., which was dissolved on November 25th, 2015 after going into Members' Voluntary Liquidation and whose chairman and director was Jeffrey Epstein, a USA-based financier who was criminally indicted on two counts of sex trafficking at federal court in Manhattan on July 2nd, 2019. These records, comprising 357 pages, were obtained by OffshoreAlert from Bermuda's Registrar of Companies on July 24th, 2019 and, inter alia, include a Private Placement Memorandum, the registration of mortgage charges, an agreement for derivatives trading, and liquidation notice.

Nineteen more claw-back lawsuits seeking a combined US$65 m have been filed in the Cayman Islands by the liquidators of Weavering Macro Fixed Income Fund against banks, investment funds and other firms in Bermuda, Canada, Cayman, Curacao, France, Guernsey, Hong Kong, Ireland, Jersey, Luxembourg, Singapore, and Switzerland.

Writ of Summons in Weavering Macro Fixed Income Fund Limited v. Bear Stearns Alternative Assets International Limited at the Grand Court of the Cayman Islands.

Order for Directions in Bear Stearns Alternative Assets International Ltd. v. Belmont Asset Based Lending Ltd. at the Grand Court of the Cayman Islands.

Defendant's Sentencing Memorandum in USA v. John C. Tausche at the U. S. District Court for the Eastern District of Pennsylvania.

Application for Judicial Assistance by Neil Mather, Christopher Morris and Alan Roberts, as liquidators of Carlyle Capital Corporation Limited (in liquidation) at the U. S. District Court for the Southern District of New York.

Indictment in USA v. Helmut Kiener at the U. S. District Court for the Eastern District of Pennsylvania for an alleged scheme to defraud Bear Stearns International, Barclays Bank, and BNP Paribas through investment funds in the Bahamas, British Virgin Islands and Cayman Islands.

Ex Parte Originating Summons in Geoffrey Varga and William Cleghorn, as Joint Official Liquidators of Bear Stearns High-Grade Structured Credit Strategies (Overseas) Ltd. and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd. v. The Bear Stearns Companies, Inc., Bear Stearns Asset Management Inc., Bear Stearns & Co., Inc., Ralph Cioffi, Matthew Tannin, Raymond McGarrigal, Barry Joseph Cohen, Gerald R. Cummins, David Sandelovsky and Greg Quental and, separately, the same liquidators v. Deloitte & Touche, LLP, Deloitte & Touche (Cayman Islands), Walkers Fund Services Limited, Walkers SPV Limited, Scott Lennon and Michelle Wilson-Clarke at the Grand Court of the Cayman Islands.

Ex Parte Originating Summons in Geoffrey Varga and William Cleghorn, as Joint Official Liquidators of Bear Stearns High-Grade Structured Credit Strategies (Overseas) Ltd. and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd. v. The Bear Stearns Companies, Inc., Bear Stearns Asset Management Inc., Bear Stearns & Co., Inc., Ralph Cioffi, Matthew Tannin, Raymond McGarrigal, Barry Joseph Cohen, Gerald R. Cummins, David Sandelovsky and Greg Quental and, separately, the same liquidators v. Deloitte & Touche, LLP, Deloitte & Touche (Cayman Islands), Walkers Fund Services Limited, Walkers SPV Limited, Scott Lennon and Michelle Wilson-Clarke at the Grand Court of the Cayman Islands.

Application for the Admission of Richard Handyside QC at the Grand Court of the Cayman Islands.

Petition for Court Supervision of Voluntary Liquidation In the Matter of Sytrarb Fund at the Grand Court of the Cayman Islands.

Originating Application In the Matter of Bear Stearns Global Lending Limited at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation filed by Hugh Dickson, as Voluntary Liquidator of Blue Star Fund, In the Matter of Blue Star Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Complaint filed by Trinidad and Tobago United Trust Corporation against CB Richard Ellis, Inc. and Kent Kerr at the U. S. District Court for the Southern District of Florida.

Assured Guaranty is seeking to recover more than $30 million that it has paid out in mortgage backed securities claims and an order protecting it from having to satisfy future claims that could total tens of millions of dollars more.

Amended Complaint filed by Geoffrey Varga and William Cleghorn, as  Liquidators of Bear Stearns High-Grade Structured Credit Strategies (Overseas) Ltd. and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd. against Deloitte & Touche, LLP, Deloitte & Touche Cayman Islands, Michelle Wilson-Clarke, Scott Lennon, Walkers SPV Limited, and Walkers Fund Services Limited at the U. S. District Court for the Southern District of New York.

Order transferring a case styled as 'In the Matter of Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund, Ltd.' to the Financial Services Division of the Grand Court of the Cayman Islands.

Order transferring a case styled as 'In the Matter of Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. (in Official Liquidation)' to the Financial Services Division of the Grand Court of the Cayman Islands.

Order transferring a case styled as 'In the Matter of Bear Stearns High-Grade Structured Credit Strategies (Overseas) Ltd. (in Liquidation)' to the Financial Services Division of the Grand Court of the Cayman Islands.

Order transferring a case styled as In the Matter of Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd. (in Liquidation) to the Financial Services Division of the Grand Court of the Cayman Islands.

Winding Up Petition in Bear Stearns Alternative Assets International Ltd. v. Belmont Asset Based Lending Ltd. at the Grand Court of the Cayman Islands.

A U. S. subsidiary of Bermuda domiciled Syncora Holdings Inc. is suing a subsidiary of Bear Stearns in an attempt to recover hundreds of millions of dollars that it has paid out due to the collapse of the sub prime

Statement of Claim filed by the Joint Official Liquidators of Bear Stearns High Grade Structured Credit Strategies Master Fund Limited in a case styled 'In the Matter of Bear Stearns Investment Products Inc.' at the Grand Court of the Cayman Islands.

Scottish Re Group Ltd., several current and former officers and directors, its auditor, and the underwriters of two public offerings of the reinsurer's shares in 2005 have agreed to pay $37.5 million in cash to settle a class action lawsuit.An order preliminarily approving the proposed settlement was issued by Shira A. Scheindlin at the U. S. District Court for the Southern District of New York on September 8, 2008.

Cayman Islands-based Walkers Fund Services Ltd. and two of its officers are being sued for a second time regarding their involvement with hedge funds sponsored by New York-based investment bank Bear Stearns that collapsed last year with a total loss estimated at over $1 billion after investing in mortgage-backed securities.

Bermuda-based Security Capital Assurance Ltd., in which XL Capital owns a 46% stake, has been hit with a new wave of class action lawsuits. Already facing class action litigation brought on behalf of shareholders for alleged fraud, the latest lawsuits seek to recover damages on behalf of purchasers of municipal derivatives from January 1, 1992 to the present. The latest class action complaints - numbering three so far - were filed at three different federal courts in the United States from March 12 to April 23, 2008, with eight municipalities or cities and one university as the specimen plaintiffs.

Just 15 days after forcibly replacing liquidators who some investors suspect may have been appointed to protect the interests of Bear Stearns itself, the new liquidators of two Cayman Islands-registered, Bear Stearns-sponsored hedge funds sued the investment bank and others for $1 billion in damages.Geoffrey Varga and William Cleghorn filed the complaint at the U. S. District Court for the Southern District of New York on April 4, 2008 in their capacity as joint voluntary liquidators of Bear Steams High-Grade Structured Credit Strategies (Overseas) Ltd. and Bear Steams High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd.

Letter to OffshoreAlert's editor from attorney Steven Barrie, of Nelson & Company (Cayman), representing Walkers SPV Ltd., regarding an article the Bear Stearns High-Grade Feeder Funds, Causes No. 551 and 552 of 2007. In the letter, Barrie was seeking an assurance that OffshoreAlert would not further publish details of a Grand Court of the Cayman Islands ruling that was embarrassing to his client, claiming that the court had banned publication. OffshoreAlert's reply is also included in the article.

Investors in two Bear Stearns-operated offshore hedge funds which have a combined insolvency estimated at more than $550 million have won a legal battle in the Cayman Islands to name their own liquidators. In a verbal opinion rendered on February 22, 2008 at the Grand Court of the Cayman Islands, Chief Justice Anthony Smellie ordered the removal of Simon Whicker and Kris Beighton, of KPMG, as Joint Voluntary Liquidators of Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd. and Bear Stearns High-Grade Structured Credit Strategies (Overseas) Ltd.

Two senior officers of a Cayman Islands mutual fund administrator have refused to comply with subpoenas requiring them to provide evidence in the United States about two failed offshore funds operated by Bear Stearns. Scott Lennon and Michelle Wilson-Clarke, each a Senior Vice President at Walkers Fund Services Limited, were subpoenaed by the Enforcement Section of the Securities Division of the Massachusetts Secretary of State for an investigation into Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd., of which they were directors and which collapsed in July, 2007, wiping out $1.6 billion in investor capital.

The Cayman Islands-based provisional liquidators of two Bear Stearns hedge funds have suffered a legal setback in the United States, where a federal judge refused to recognize the liquidations.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Simon Whicker and Kris Beighton, as the Foreign Representatives of Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Securities broker Bear Stearns Securities Corp. has been ordered to pay $159 million to the estate of a failed offshore hedge fund for ignoring red flags about the fund's fraudulent operating practices. The judgment at the U. S. Bankruptcy Court for the Southern District of New York is a huge boost for creditors of the British Virgin Islands-registered, New York-based Manhattan Investment Fund Ltd., whose net insolvency before the ruling was $391 million.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by David Walker and Lawrence Edwards, as the Foreign Representatives of Amerindo Internet Growth Fund Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Helen Gredd (Chapter 11 Trustee for Manhattan Investment Fund Ltd.) vs. Bear Sterns Securities Corp. - Bermuda Supreme Court

Bermuda-based Bank of Butterfield and Bahamas-based offshore provider Lions Gate Management have been named as defendants in the latest wave of lawsuits filed by the Bankruptcy Trustee of Evergreen Security, an unlicensed mutual fund which defrauded its investors of over $200 million. Twenty-two new actions were filed at the U. S. Bankruptcy Court for the Middle District of Florida, in Orlando, on January 23, 2003 and four previously-dismissed lawsuits have been reopened, said Bankruptcy Trustee Bill Cuthill.

Bermuda-based Bank of Butterfield is being sued for $115 million by the by the Bankruptcy Trustee of Evergreen Security, an unlicensed mutual fund which defrauded its investors of over $200 million. The Bank is being sued in its capacity as a custodian for Evergreen, as is Bear Stearns, which is a defendant in a separate action.

Antigua-licensed Stanford International Bank is being sued by two Mexican clients who had approximately $3 million forfeited to the United States authorities as part of a narcotics money laundering investigation. Two lawsuits have been filed in Miami by Juan Alberto Zepeda Mendez and Jorge Bastida Gallardo and their British Virgin Islands-registered IBCs, Radon Trading Ltd. and Kadir Overseas Ltd., respectively.

Cromer Finance Ltd. vs. Kempe & Whittle Associates Ltd. et al. - Bermuda Supreme Court

Hedge fund manager Michael Berger, who lost approximately $400 million of investor money in the BVI-registered Manhattan Investment Fund, is due to be sentenced on March 16, 2001 after pleading guilty to one charge of securities fraud.

Bear Stearns has been accused of tipping off privileged clients so that they could cash out of the BVI-registered Manhattan Investment Fund before it collapsed in January with losses of about $450 million. It has also been claimed that the broker exceeded "generally accepted margin limitations" in extending credit to the fund, thus contributing to the size of its losses.

The barrage of litigation surrounding the collapse in January of BVI-registered Manhattan Investment Fund and the disappearance of nearly $500 million continued this month. Five lawsuits were filed at Bermuda Supreme Court during February to go along with the four that were filed at the same court the previous month and one in New York.

Four lawsuits were filed at Bermuda Supreme Court in the last week of January following the collapse of the Manhattan Investment Fund Ltd., which was registered in the British Virgin Islands, managed in New York City and administered and audited in Bermuda.

U. S. authorities have frozen nearly $3.2 million in accounts at Antigua-based Stanford International Bank, as part of an investigation into the illicit fortune of the late Mexican drug lord Amado Carrillo Fuentes, reported The Wall Street Journal.