Eight months after Cayman Islands judge Raj Parker allowed Obelisk Global Gold Focus Fund to continue operating even though it was insolvent, the Fund is being sued again, this time by another creditor - Hong Kong resident Eryi Xu - who claims she cannot redeem her $600,000 investment. The Fund's principals include Jazeb Jones, Winfield Sifton, and Matthew Ho.
Chapter 11 Petition by Diamond Offshore Drilling Inc., Diamond Offshore Finance Company, Diamond Offshore Development Company, Diamond Offshore Services Company, Diamond Offshore Management Company, Diamond Offshore Company, Arethusa Off-Shore Company, Diamond Offshore General Company, Diamond Offshore (Brazil) LLC, Diamond Offshore Holding LLC, all of Delaware; Diamond Foreign Asset Company, Diamond Offshore International Limited, both of the Cayman Islands; Diamond Rig Investments Limited, Diamond Offshore Drilling (UK) Limited, and Diamond Offshore Limited, all of the United Kingdom, at the U. S. Bankruptcy Court for the Southern District of Texas.