FEDS Acquisition Corporation

Eight days before it was due to make a minimum payment of $350,000 towards its 2002 purchase of an ecommerce company, a group controlled by Bermuda-based oil magnate John Deuss has sued the seller. Transworld Payment Solutions NV and First Curacao International Bank NV, which owns Bermuda Commercial Bank, filed a civil complaint at Bermuda Supreme Court on February 21, 2003.

Transworld Payment Solutions et al. vs. Brek Energy Corporation et al. - Bermuda Supreme Court