Primeo Fund v. Bank of Bermuda (Cayman) Ltd. et al: Judgment
Judgment in Primeo Fund (in Official Liquidation) v. Bank of Bermuda (Cayman) Limited and HSBC Securities Services (Luxembourg) SA at the Grand Court of the Cayman Islands.
Cayman fund liquidators sue former director Nigel Fielding over Madoff fraud
Nigel Fielding, the CEO of HSBC (Luxembourg), is being sued in the Cayman Islands for breach of duty, willful neglect and willful default in his capacity as a director of Primeo Fund, whose entire assets of more than $786 million were invested in Bernard Madoff's fraudulent enterprise.
$3 billion class action filed against Madoff-related offshore feeder funds, Bank of Bermuda and others
A class action lawsuit has been filed against several offshore entities and individuals on behalf of investors in four hedge funds who allegedly lost over $3 billion in the Bernard Madoff fraud. Among the offshore defendants are Bank of Bermuda
