Accounting

Northern and Western Insurance Company Ltd. v. BSG Valentine: Complaint

February 11, 2019

Claim Form and Particulars of Claim for breach of contract, negligence, breach of fiduciary duty, and dishonest assistance in Northern and Western Insurance Company Limited (in Liquidation), of Nevis, represented by its Joint Liquidators, Keiran Hutchison and Roy Bailey, of the British Virgin Islands v. BSG Valentine, an accounting firm in London, at the High Court of Justice for England and Wales.

Reliant Group & Casualty ICC Ltd. v. CBIZ MHM LLC: Complaint

January 11, 2019

Complaint in Reliant Group & Casualty ICC Ltd., formerly known as Bancroft Life & Casualty ICC Ltd., of Saint Lucia v. CBIZ MHM LLC at the Circuit Court of the 11th Judicial Court, in and for Miami-Dade County, Florida.

Argyle Funds SPC Inc. v. BDO Cayman Ltd.: Appeal Judgment

October 8, 2018

Judgment in Argyle Funds SPC Inc. (in liquidation) v. BDO Cayman Ltd. at the Cayman Islands Court of Appeal.

Providence Financial Investments, Inc. et al v. Grant Thornton LLP et al: Amended Complaint

August 21, 2018

Amended Complaint in Maria Yip, as Trustee of Providence Financial Investments, Inc. and Providence Fixed Income Fund, LLC v. Grant Thornton LLP, Cadwalader Wickersham & Taft LLP, and Greene Espel PLLP at the U. S. Bankruptcy Court for the Southern District of Florida.

Providence Financial Investments, Inc. et al v. Grant Thornton LLP et al: Complaint

July 26, 2018

Complaint in Maria Yip, as Trustee of Providence Financial Investments, Inc. and Providence Fixed Income Fund, LLC v. Grant Thornton LLP, Cadwalader Wickersham & Taft LLP, and Greene Espel PLLP at the U. S. Bankruptcy Court for the Southern District of Florida.

Bruce McNaught: Public Statement (June 8, 2018)

June 8, 2018

Public Statement by the Guernsey Financial Services Commission regarding Bruce David McNaught.

Hedge fund accountant Rob Patraulea fights for license in Cayman

April 22, 2018

Canadian hedge fund accountant Robert Patraulea, who has worked in Cayman since at least 2004, is appealing against a decision by the Council of the Cayman Islands Institute of Professional Accountants not to renew his license to practice.

Leo Ford v. Bancroft Life & Casualty et al: Second Amended Complaint

April 19, 2018

Second Amended Complaint in Leo Ford v. KPMG LLP, KPMG BVI Limited, James Drury, Russell Crumpler, Belmont Insurance Management, Casey McDonald, Kris Beighton, Andrea Douglas, Greenberg Traurig, PA, Greenberg Traurig, LLP, Jerome Hesch, GFAN, ABG, Bancroft Property & Casualty, Ltd., a.k.a. Bancroft Life & Casualty, Ltd., and Bancroft Life & Casualty ICC, Ltd.; Bradley Barros, and Philip Sigel at the U. S. District Court for the Southern District of Florida.

Robert Patraulea v. Council of the Cayman Islands Institute of Professional Accountants: Notice of Originating Motion

April 13, 2018

Notice of Originating Motion in Robert Patraulea v. Council of the Cayman Islands Institute of Professional Accountants at the Grand Court of the Cayman Islands.

Bermuda accountant challenges disciplinary action

August 19, 2017

Bermuda-based accountant Belaid Jheengoor is seeking a judicial review of professional disciplinary action taken against him by the Chartered Professional Accountants of Bermuda.

Investor sues Deloitte over failed $110M investment in Russian bank

August 2, 2017

Accounting group Deloitte's operations in Guernsey, Britain and Russia are being sued for fraud and negligence by a Dutch investment firm that claims to have lost at least $110 million by investing in a Russian bank that turned out to be insolvent.

Belaid Jheengoor v. Chartered Professional Accountants of Bermuda: Judicial Review

July 12, 2017

Ex Parte Application for Leave to Apply for Judicial Review in Belaid Jheengoor v. Chartered Professional Accountants of Bermuda at Bermuda Supreme Court.

Argyle Funds SPC Inc. v. BDO Cayman Ltd. et al: Amended Complaint

July 10, 2017

Amended Complaint in Argyle Funds SPC Inc. v. BDO USA LLP, BDO Cayman Ltd., BDO Trinity Ltd., d.b.a. BDO Trinidad & Tobago, and Schwartz & Company LLP at New York State Supreme Court.

Auditor BDO sued for $280M by liquidators of ‘defrauded’ Cayman fund

July 3, 2017

Auditor BDO's operations in the Cayman Islands, Trinidad & Tobago and the United States are being sued for $280 million in damages by the liquidators of Cayman-domiciled Argyle Funds, which collapsed due to alleged fraud.

Argyle Funds SPC Inc. v. BDO Cayman Ltd. et al: Complaint

June 21, 2017

Complaint in Argyle Funds SPC Inc. v. BDO USA LLP, BDO Cayman Ltd., BDO Trinity Ltd., d.b.a. BDO Trinidad & Tobago, and Schwartz & Company LLP at New York State Supreme Court.

Starr Russia Investments III BV v. Deloitte Touche Tohmatsu et al: Complaint

April 27, 2017

Complaint in Starr Russia Investments III BV v. Deloitte Touche Tohmatsu Limited, Deloitte LLP, Deloitte CIS Limited, Deloitte CIS Holdings Limited, and ZAO Deloitte & Touche CIS at The Supreme Court of the State of New York, County of New York.

Medley Capital LLC v. CK Pearl Fund, Ltd.: Originating Summons

November 28, 2016

Originating Summons in Medley Capital LLC v. CK Pearl Fund, Ltd. at the Grand Court of the Cayman Islands.

BDO Cayman Ltd. et al v. The Governor et al: Ex Tempore Ruling

November 4, 2016

Ex Tempore Ruling in BDO Cayman Ltd., Deloitte and Touche, Ernst & Young Ltd., KPMG and PricewaterhouseCoopers v. The Governor in Cabinet and The Attorney General at the Grand Court of the Cayman Islands.

BDO Cayman Ltd. et al v. The Governor et al: Judicial Review

September 8, 2016

Application for Leave to Apply for Judicial Review in BDO Cayman Ltd., Deloitte and Touche, Ernst & Young Ltd., KPMG, and PricewaterhouseCoopers v. The Governor in Cabinet and The Attorney General at the Grand Court of the Cayman Islands.

Leo Ford v. Bancroft Life & Casualty et al: First Amended Complaint

August 9, 2016

First Amended Complaint in Leo Ford v. KPMG LLP, KPMG BVI Limited, KPMG Cayman, James Drury, Russell Crumpler, Belmont Insurance Management, Casey McDonald, Kris Beighton, Andrea Douglas, Greenberg Traurig, PA., Greenberg Traurig, LLP, Jerome Hesch, GFAN, ABG, Bancroft Property & Casualty, Ltd. (a.k.a. Bancroft Life & Casualty, Ltd. and Bancroft Life & Casualty ICC, Ltd.), Bradley Barros, and Philip Sigel at the U. S. District Court for the Southern District of Florida.

Boston Life seeks $180 m from Bancroft Life, KMPG & others, alleges fraud

April 26, 2016

Accountants in the Cayman Islands and the British Virgin Islands have been accused of conspiring with Miami-based law firm Greenberg Traurig and others to swindle one group of clients in favor of another in a scheme involving two offshore insurers - BVI-based Boston Life and Annuity and Bancroft Life & Casualty, of St. Lucia.

Boston Life and Annuity Company Ltd. et al v. Bancroft Life & Casualty ICC Ltd. et al: Complaint

April 20, 2016

Complaint in Leo Ford and Boston Life and Annuity Company Limited v. KPMG LLP, Belmont Insurance Management Ltd., Kris Beighton, Casey McDonald, Andrea Douglas, Bancroft Property & Casualty, Ltd., a.k.a. Bancroft Life & Casualty Ltd. and Bancroft Life & Casualty ICC, Ltd.; Greenberg Traurig, P.A., Greenberg Traurig, LLP, Jerome Hesch, Bradley Barros, Philip Sigel, Global Financial Advisors Network, LLC, and Association Benefits Group, Inc. at the U. S. District Court for the Southern District of Florida.

Lynda Swan v. Arthur Morris and Company Ltd.: Writ of Summons

March 15, 2016

Specially Endorsed Writ of Summons in Lynda Sharon Swan v. Arthur Morris and Company Limited at Bermuda Supreme Court.

Lynda Swan v. Arthur Morris & Company Ltd.: Writ of Summons

February 19, 2016

Lynda Swan v. Arthur Morris & Company Ltd. at Bermuda Supreme Court.

Weavering Macro Fixed Income Fund Ltd v. Ernst & Young et al: Combined Order

January 19, 2016

Combined Order in Weavering Macro Fixed Income Fund Limited v. Ernst & Young Chartered Accountants, Ernst & Young Ltd., and Ernst & Young at the Grand Court of the Cayman Islands.

Ian Lomas sues Alex Bodden in RSM Cayman shares dispute

November 17, 2015

Alex Bodden, Managing Partner of Cayman Islands-based audit, accounting and business advisory firm RSM Cayman Ltd. is being sued for US$600,000 in damages by former business partner Ian Lomas.

Ian Lomas v. Alexander S. Bodden: Writ of Summons

November 13, 2015

Writ of Summons in Ian Lomas v. Alexander S. Bodden at the Grand Court of the Cayman Islands.

Belvedere Fund had €67 m of doubtful assets, says auditor BDO

July 8, 2015

More than one-third of the nearly €200 million of assets reported by one of Belvedere Management Group's offshore fund vehicles in 2013 was doubtful, according to auditor BDO (Mauritius).

Minette Compson: Disqualification (Gibraltar)

April 30, 2015

Decision Notice by the Gibraltar Financial Services Commission disqualifying Minette Compson for being "not a fit and proper person".

Ernst & Young Ltd. et al v. Kerry Tibbetts et al: Settlement Order

March 11, 2015

Order Staying Action Against Kerry Tibbetts and Approving Deed of Settlement and Release in Ernst & Young Ltd., MaplesFS Limited, KPMG, and Butterfield Bank (Cayman) Limited v. Kerry Tibbetts and Persons Unknown at the Grand Court of the Cayman Islands.

Weavering Macro Fixed Income Fund Ltd. v. Ernst & Young: Writ of Summons (2015)

March 2, 2015

Writ of Summons in Weavering Macro Fixed Income Fund Limited (in Official Liquidation) v. Ernst & Young Chartered Accountants, of Ireland; Ernst & Young Ltd. and Ernst & Young, both of the Cayman Islands, at the Grand Court of the Cayman Islands.

Cayman firms try to prevent disclosure of ‘commercially sensitive’ information

February 6, 2015

Ernst & Young Ltd., MaplesFS Limited, KPMG, and Butterfield Bank have taken legal action in the Cayman Islands to prevent public disclosure of "commercially sensitive and/or personal information" that the Cayman Compass newspaper obtained under the Freedom of Information Law.

Ernst & Young Ltd. et al v. Kerry Tibbetts et al: Writ of Summons

February 6, 2015

Writ of Summons in Ernst & Young Ltd., MaplesFS Limited, KPMG, and Butterfield Bank (Cayman) Limited v. Kerry Tibbetts and Persons Unknown at the Grand Court of the Cayman Islands.

Ernst & Young Ltd. et al v. Cayman Islands Information Manager: Judicial Review

February 2, 2015

Application for Leave to Apply for Judicial Review in Ernst & Young Ltd., MaplesFS Limited, KPMG, and Butterfield Bank (Cayman) Limited v. The Information Manager of The Department of Immigration of the Cayman Islands Government at the Grand Court of the Cayman Islands.

Grant Thornton sues TeleCayman for $40,000

December 31, 2014

Accounting firm Grant Thornton (Cayman) is suing local telecommunications provider TeleCayman Limited for allegedly failing to pay a nine-month-old invoice for $40,000. The lawsuit was filed at the Grand Court of the Cayman Islands on December 23.

Grant Thornton v. TeleCayman Ltd.: Writ of Summons

December 23, 2014

Writ of Summons in Grant Thornton v. TeleCayman Limited at the Grand Court of the Cayman Islands.

Kingate Global Fund Ltd. et al. v. PricewaterhouseCoopers (a firm)

October 30, 2014

Kingate Global Fund Ltd. (in liquidation) and Kingate Global Euro Fund Ltd. (in liquidation) v. PricewaterhouseCoopers (a firm) at Bermuda Supreme Court.

Claudia Pinder v. PricewaterhouseCoopers (Bahamas) Ltd.: Writ of Summons

September 26, 2014

Writ of Summons and Statement of Claim in Claudia Pinder v. PricewaterhouseCoopers (Bahamas) Limited at Bahamas Supreme Court.

NRC Holding Ltd. et al: Discovery Application (Ireland)

August 19, 2014

Application for an order to obtain discovery from MTU Aero Engines North America, Inc. for use in litigation in Ireland brought by NRC Holding Ltd. and Alpstream NG against MTU Aero Engines North America, Inc. against Michael Souvorov, an individual and citizen of Russia and/or Switzerland; Allied Irish Bank Capita International Services (Ireland), Ltd., and KPMG Ireland, filed at the U. S. District Court for the District of Connecticut.

AJW Offshore Ltd. et al v. Marcus & Kliegman LLP et al: Complaint

July 22, 2014

Complaint in Ian Stokoe and David Walker, in their capacity as the Joint Official Liquidators of AJW Offshore Ltd., AJW Master Fund, Ltd., AJW Offshore II Ltd. and AJW Master Fund II, Ltd. v. Marcus & Kliegman LLP, Marcum & Kliegman (Cayman), and Marcum LLP at the New York State Supreme Court.

Funds Managed by Fortress Investment Group LLC v. KPMG LLP et al: Petition to Conduct Discovery in Foreign Proceedings

March 14, 2014

Petition to Conduct Discovery in Foreign Proceedings regarding Saad Group, Ahmad Hamad Algosaibi and Brothers Company and Maan Al Sanea in FCOF II UB Securities LLC, FTS SIP LP, FCO MA II UB Securities LLC, FCO MA Maple Leaf LP, FCOF UB Investments LLC, FGOY Securities Ltd., FCOF UB Securities LLC, FCO MA II LP, FCO MA LSS LP, FCO Europe MA ML Limited, FCOF II UB Investments LLC, FPFD Corporates Ltd., FPFO Corporates Ltd., and CF SDC LLC v. KPMG LLP, KPMG International Cooperative, PricewaterhouseCoopers LLP, and PricewaterhouseCoopers International Limited at the U. S. District Court for the Southern District of New York.

Weavering Macro Fixed Income Fund Ltd. v. Ernst & Young et al: Writ of Summons (2014)

March 7, 2014

Writ of Summons in Weavering Macro Fixed Income Fund Limited v. Ernst & Young Chartered Accountants, Ernst & Young Ltd. and Ernst & Young at the Grand Court of the Cayman Islands.

Ernst & Young v. Samantha Widmer et al: Writ of Summons

February 21, 2014

Writ of Summons in Ernst & Young v. Samantha Widmer and Peter Widmer at the Grand Court of the Cayman Islands.

The Four Elements PCC: 2013 Audited Financials

December 31, 2013

Financial Statements of The Four Elements PCC Limited for the year ended December 31, 2013. In issuing a qualified opinion, auditor BDO stated that more than one-third of the claimed assets of nearly €200 million might not exist or be recoverable.

Cayman judgment threatens to disrupt Australian tax investigation

September 26, 2013

The Cayman Islands Tax Information Authority acted 'unlawfully' when it provided information to the Australian Taxation Office for an investigation into suspected tax evasion, a Cayman judge has ruled.

Maven Assurance Ltd. et al v. Johnson Lambert LLP et al: Complaint

June 27, 2013

Complaint in Maven Assurance Ltd. and Maven Life International Ltd., both of Anguilla, v. Johnson Lambert LLP and Johnson Lambert & Co. LLP at the Circuit Court for Cook County, Illinois.

Firefighters’ Retirement System et al v. Citco Group Limited et al: Notice of Removal

June 11, 2013

Notice of Removal, including copy of complaint, in Firefighters' Retirement System, Municipal Employees' Retirement System of Louisiana, and New Orleans Firefighters' Pension & Relief Fund v. Citco Group Limited, Citco Fund Services (Cayman Islands) Limited, Citco Fund Services (Bermuda) Limited, Citco Fund Services (Suisse) S.A., Citco Fund Services (Europe) B.V., Citco Global Custody N.V., Citco (Canada) Inc., Citco Bank Nederland N.V. Dublin Branch, Citco Banking Corporation N.V., Citco Curacao N.V., Citco (USA) Holdings Inc., Citco Fund Services (SA) Inc., Citco Technology Management, Inc.,  Fletcher Asset Management, Inc., Alphonse 'Buddy' Fletcher, Jr., Denis Kiely, Duhallow Financial Services, LLC, Lisa Alexander, Peter M. Zayfert, Consulting Group Services, LLC, Joe Meals, Grant Thornton International Ltd., and Skadden, Arps, Meagher & Flom, LLP at the U. S. District Court for the Middle District of Louisiana.

SJK Absolute Return Fund, LLC et al v. EisnerAmper LLP et al: Complaint

June 3, 2013

Complaint in SJK Absolute Return Fund, LLC and SJK Absolute Return Fund, Ltd. v. EisnerAmper LLP, f.k.a. Eisner LLP, and EisnerAmper (Cayman) Ltd., f.k.a. Eisner (Cayman) Ltd., at the U. S. District Court for the Middle District of North Carolina.

Weavering Macro Fixed Income Fund Ltd. v. Ernst & Young: Writ of Summons

May 7, 2013

Writ of Summons in Weavering Macro Fixed Income Fund Limited (in Official Liquidation) v. Ernst & Young Chartered Accountants (Dublin), Ernst & Young Ltd. (Cayman Islands), and Ernst & Young (Cayman Islands) at the Grand Court of the Cayman Islands.

SEC v. Brian Callahan et al: Deloitte BVI

February 14, 2013

Request to take evidence from Deloitte BVI in U. S. Securities and Exchange Commission v. Brian Raymond Callahan, Horizon Global Advisors Ltd., Horizon Global Advisors LLC, Diversified Global Investments (BVI) LP, The Matsers Global Fund LP, Fiduciary Select Income Fund LP, Horizon Millennium Investments LP, Pangea Offshore High Yield Portfolio LLC, Adam Manson, Distinctive Investments LLC, and Distinctive Ventures LLC at the U. S. District Court for the Eastern District of New York.