Complaint alleging professional negligence, gross negligence, aiding and abetting breach of fiduciary duty, negligent misrepresentation, and breach of contract in Bradley Sharp, as the Permanent Receiver for the Estate of Direct Lending Investments LLC, Direct Lending Income Fund LP, Direct Lending Income Feeder Fund Ltd., DLI Capital Inc., DLI Lending Agent LLC, and DLI Assets Bravo LLC and their Successors, Subsidiaries, and Affiliated Entities, and Bradley Sharp and Christopher Johnson, as Joint Official Liquidators of Direct Lending Income Feeder Fund Ltd. (in Official Liquidation), of the Cayman Islands v. Duff & Phelps LLC at the Supreme Court of the State of New York, County of New York.
Judgment removing Christopher Johnson as Joint Liquidator in Redhouse Holdings Limited, of Belize, and British Caribbean Bank Limited, of the Turks and Caicos Islands v. Christopher D. Johnson, of the Cayman Islands, and John J. Greenwood, of the British Virgin Islands, as Joint Liquidators of Oxford Ventures Limited, at the British Virgin Islands High Court.
Complaint alleging professional negligence, gross negligence, aiding and abetting breach of fiduciary duty, negligent misrepresentation, and breach of contract "for its multiple failures to accurately value the investments" regarding an alleged fraud by Brendan Ross in Bradley C. Sharp, as the Permanent Receiver for the Estate of Direct Lending Investments LLC, Direct Lending Income Fund LP, Direct Lending Income Feeder Fund Ltd., DLI Capital Inc., DLI Lending Agent LLC, and DLI Assets Bravo LLC and their successors, subsidiaries, and affiliated entities, and Bradley D. Sharp and Christopher D. Johnson, as Joint Official Liquidators of Direct Lending Income Feeder Fund Ltd. (in Official Liquidation), of the Cayman Islands v. Duff & Phelps LLC, described as a Delaware company based in New York, at the U. S. District Court for the Central District of California.
Writ of Summons in Bateman & Company Ltd. (in Official Liquidation) v. Fernando Mendes and Margaret Mendes at the Grand Court of the Cayman Islands.
Petition by Christopher Johnson and Graham Robinson, as Joint Official Liquidators v. Bateman & Company Ltd. (in Official Liquidation) at Bahamas Supreme Court.
Order for the appointment of Joint Provisional Liquidators in B & C Capital Ltd. v. Bateman & Company Ltd. at the Grand Court of the Cayman Islands.
Winding Up Petition in Electra-Tech Services Limited and Peter Dyck v. New Coconut Harbour Limited at the Grand Court of the Cayman Islands.
Judgment in David Lee Molner, Screen Capital International Corp., and Aramid Capital Partners LLC v. Wimbledon Financing Master Fund at the Grand Court of the Cayman Islands.
In filing a winding up petition last week, Bermuda-domiciled Triathlon Limited became the second obscure offshore entity in eight months to sue Cayman Islands-domiciled investment firm B & C Capital Ltd., whose principals include 43-year-old Canadian Ryan Bateman.
Claim Form in Maven Assurance Ltd. (in liquidation) and Maven Life International Ltd. (in liquidation) v. Folio Administrators Limited at the British Virgin Islands High Court.
Chapter 15 Petition for Recognition of Foreign Main Proceeding in the Cayman Islands by Hugh Dickson and Mark Byers, of Grant Thornton, as the Foreign Representatives of Saad Investments Company Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
Writ of Summons in David Morritt, Mimi Morritt, and Morritt Properties Cayman Limited v. Patricia Crockett at the Grand Court of the Cayman Islands.
Order Discharging Receivers in Marsha Martin and Fern Camirand, as representatives of all persons, wherever resident who, after 1st June 1994, were entitled to payments, Current or deferred, under the Participating Co-Operatives Of Ontario Trusteed Pension Plan, v. Mark Edward Workman at the Grand Court of the Cayman Islands.
Complaint in Maven Assurance Ltd. and Maven Life International Ltd., both of Anguilla, v. Johnson Lambert LLP and Johnson Lambert & Co. LLP at the Circuit Court for Cook County, Illinois.
Petition In the Matter of Hadsphaltic International Limited (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
Petition In the Matter of Laurus Offshore Fund, Ltd. (in Official Liquidation) at the Grand Court of the Cayman Islands.
On January 12, 2009, Bermuda and the USA signed a Mutual Legal Assistance Treaty, pursuant to which each country can formally apply to the other to obtain information for criminal investigations. The Bermuda Government lauded the agreement as "yet another
Letter from the Cayman Islands Monetary Authority to liquidator Christopher Johnson "Re: Decision Notice - Arista Capital Growth Fund, Ltd. (In Liquidation) and Arista High Technology Growth Fund Ltd."
A civil complaint has been filed in the Cayman Islands against Arthur Andersen LLP for alleged negligence concerning audits of a failed Cayman Islands-licensed bank.The action has been filed at the Grand Court of the Cayman Islands by Christopher Johnson, as liquidator of Trade and Commerce Bank, which went into liquidation in August, 2002.
Barclays Bank Plc in the United Kingdom has been held liable for damages suffered by investors in a wine-based, offshore investment scam for which the bank provided services.Summary judgment against the bank and in favor of claimant Cayman Islands-registered Architects of Wine Ltd. (in liquidation) was entered at the U. K. High Court on June 16, 2006.
Barclays Bank continued processing checks for an offshore-based wine investment group even after it learned of a regulatory warning in the U. S. and then then refused to co-operate with the group's liquidator after it collapsed amid allegations of fraud, it has been claimed.The allegations are contained in a civil complaint filed by Christopher Johnson, as liquidator of Cayman Islands-registered Architects of Wine Ltd., at the U. K. High Court of Justice, Queen's Bench Division, Commercial Court on March 9, 2006. AOWL is seeking to recover $1.3 million from sole defendant Barclays Bank, of London, England, alleging conversion.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Richard Fogerty and James Cleaver, as Foreign Representatives of Trade and Commerce Bank, at the U. S. Bankruptcy Court for the Southern District of New York.
Four current or former employees of Cayman Islands-based Caledonian Bank and Trust Limited are potential targets for legal action concerning the failure of a wine-based investment scheme.First, however, liquidator Christopher Johnson needs to raise money to fund any litigation and he intends to seek court permission to sell 285,717 bottles of wine - valued at €1,856,055 (US$2.4 million) - that are stored in a warehouse in Switzerland.
Swiss financier Dieter Behring, 49, was arrested in Switzerland on October 19, 2004 on suspicion of financial investment fraud and money laundering, according to news service Swissinfo; Paradigm Holdings Limited, which has been implicated in an alleged scam involving investments in wine, was placed into provisional liquidation at the Grand Court of the Cayman Islands on October 12, 2004; The sentencing of former offshore bank charter broker Jerome Schneider for conspiracy to commit fraud, which was scheduled to take place in late October, has been postponed to December 6, 2004 at the U. S. District Court for the Northern District of California; As previously forecast by OffshoreAlert, a default judgment against Bermuda-based investment firm Lines Overseas Management Limited and RBC Dominion Securities Inc. has been thrown out at the U. S. District Court for the Southern District of Alabama; and LOM's principals, Brian and Scott Lines, have been accused of violating Section 13D of the Securities Exchange Act of 1934 by failing to timely disclose their beneficial ownership of River Capital Group Inc.
CIBC Bank and Trust (Cayman) and three of its subsidiaries are being sued for fraud and negligence in the United States over the alleged mismanagement of a trust account.The lawsuit was filed on August 7, 2002 at the United States District Court for the Southern District of Florida.
The liquidators of one of Cayman's biggest construction firms have issued a scathing report alleging greed, incompetence and misappropriation of corporate funds on the part of it's directors.Christopher Johnson and John Dinan, of PricewaterhouseCoopers, accused brothers Robert Hurlstone, 50, and John Hurlstone, 46, of misappropriating so much money that Hurlstone Construction Ltd. was rendered hopelessly insolvent by 1994.
Writ of Summons in Compagnie d'Escomptes Financiers CEF SA v. Georgian Bay Holdings Corporation, Anchorage International Fund Management Limited, Bank of America Trust and Banking Corporation (Cayman) Limited, and Australia and New Zealand Banking Group Ltd. at the Grand Court of the Cayman Islands.
The Privy Council in London has issued a ruling that limits the rights of debtors of Cayman-registered entities to seek the removal of liquidators they do not approve of. The decision represents a victory for Christopher Johnson and John Dinan, of PricewaterhouseCoopers, and a defeat for rival accounting firm Deloitte & Touche.
Former Cayman banker John Mathewson has kept his freedom as a reward for turning in his clients to the US authorities. Mathewson, 71, was sentenced to five years of probation, 500 hours of community service and a $30,000 fine at the U. S. District Court for the District of New Jersey on August 2 after previously pleading guilty to money laundering, and tax evasion charges brought not only in New Jersey but also at the U. S. District Court for the Southern District of Florida and the U. S. District Court for the Eastern District of New York.
The liquidator of Cayman-based Guardian Bank & Trust (in liquidation) has lost a petition he filed against the US government for the return of a computer tape containing details of accounts held at the bank.John Mathewson, the former chairman of the bank, handed over the tape to the FBI in June, 1996, as part of a plea bargain agreement after he was charged with money laundering offences in New Jersey.