A depositor of the Cayman Islands branch of California-based Silicon Valley Bank is suing the Federal Deposit Insurance Corporation in the United States for allegedly illegally transferring its entire balance of $250,000 out of its account. Cayman-domiciled Knight League Limited alleges conversion, unjust enrichment, and breach of contract.
Originating Application in Matthew Richardson v. Joshua Taylor, Vincent Fok, Mark Chadwick, Rod Sutton, and Nick Gronow at the British Virgin Islands High Court.