VL Assurance (Bermuda) Ltd. et al: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Michael Morrison and Mark Allitt, of KPMG Advisory, as the Foreign Representatives of VL Assurance (Bermuda) Ltd., Valor Group Ltd., and Valor Management Ltd., described as Bermuda companies that are part of a group that also includes companies in Barbados, Ireland, Liechtenstein, and the United States and which are “victims of activity perpetrated between 2013 and 2016 by Jason Sugarman – a former director of the VL Bermuda Debtor – and others, including Jason Galanis, that ultimately led to the insolvency of the VL Bermuda Debtors”, filed at the U. S. Bankruptcy Court for the Southern District of New York.