Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Kenneth Krys and Christopher Stride, as the Foreign Representatives of Fairfield Sentry Limited, Fairfield Sigma Limited, and Fairfield Lambda Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
Argus Group Holdings Limited and Argus International Life Bermuda Limited announced on May 27, 2009 that they "have reached an agreement in principle to settle a class action pending in the United States relating to investment losses caused by Bernard
A Cayman Islands resident has filed a shareholders' derivative complaint in New York against a Bernard Madoff feeder fund that is domiciled in the British Virgin Islands. The Fund's Bermuda based administrator and auditor are also being sued.The action was
Bernard Madoff's Bankruptcy Trustee has sued three British Virgin Islands domiciled hedge funds and two offshore banks in Bermuda and Gibraltar in an attempt to recover $405 million that he claims they collectively redeemed from the Ponzi scheme shortly before