Condor Insurance, Ltd.

Information casting further doubt about the credibility of Bahamas domiciled Condor Guaranty Inc. was recently filed at the U. S. Bankruptcy Court for the Central District of California.Law firm Humphrey Berger & Associates filed a motion to withdraw as counsel

The liquidators of a Nevis-licensed offshore insurer have filed a complaint in the United States in an attempt to recover assets that they claim were fraudulently transferred to an unlicensed Bahamas insurer. Richard Fogerty, of Kroll (Cayman) Ltd., and William Tacon, of Kroll (BVI) Ltd., as liquidators of Condor Insurance Ltd., filed an adversary proceeding at the U. S. Bankruptcy Court for the Southern District of Mississippi on November 20, 2007. Defendants are Condor Guaranty Inc., a Bahamas corporation with addresses of 15 Lillian Court, Lucaya, Freeport, Grand Bahama, and 1145 Robinson Avenue, Ocean Springs, Mississippi 39564, and PetroQuest Resources Inc., a Nevada corporation headquartered in Arlington, Texas.

Nevis-based insurer Condor Insurance Limited is being sued yet again, this time by a Hawaii-based development group that claims to have been cheated out of $491,464. The latest lawsuit against the insurers was filed by Signature Homes of Hawaii LLC and Signature Development of Hawaii LLC, both incorporated and based in Hawaii, at the U. S. District Court for the District of Hawaii on December 13, 2006.