Peter Collery

Complaint in Daniel Ashman, Brad Booth, Thomas Koral, Greg Lavery, Dave Lizmi, Daniel Smith, Joseph Sanders, and Dustin Woolf v. 6356095 Canada, Inc., f.k.a. Excapsa Software Inc., at the U. S. District Court for the Central District of California.

A major shareholder in beleaguered Bermuda-based reinsurer ESG Re has called on directors to liquidate the firm or resign their seats on the board at the AGM on May 8. Peter M. Collery, President of New York-based investment advisor SC Fundamental LLC, believes the time has come to pull the plug on John C. Head III's latest reinsurance flop.

One of the major shareholders of Bermuda-based ESG Re has accused the company's chairman, John Head III, of overpaying himself while simultaneously ruining the company through mismanagement. The criticism of Head came in a letter from private investment management firm SC Fundamental LLC to the ESG Re's Board of Directors.