Former Focus Insurance director David Thirkill is feeling “relieved and vindicated” in the wake of an Appeal Court decision striking out a $20 million civil action started against him by Focus liquidators.The liquidators began the action in the summer of 1990 when they sued Focus’ directors and officers for willful negligence and breach of fiduciary duty.The Appeal Court decision, handed down on Monday, overturns a ruling by Chief Justice Sir James Astwood who this year refused to dismiss the suit, ruling that it contained assertions which, if proved at trial, would show the directors deliberately disregarded their duties.
David Thirkill speaks of relief after Bermuda court strikes out negligence action
32 years ago
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Bermuda Insurance Market David Thirkill Douglas Pullen Focus Insurance