BCB and Paragon Trust Sued after $7m Trust Fund Investments Go Sour

March 3, 2014 – Media Mention
The Royal Gazette

The Royal Gazette reported on Herrick’s representation of the plaintiff in LVAR, L.P. v. Bermuda Commercial Bank Limited, et al., a lawsuit commenced in the United States District Court for the Southern District of New York against international investment advisors and one of Bermuda’s major banks. Quoting heavily from our complaint, Bermuda’s only daily newspaper summarizes our client’s allegations that the offshore defendants committed “brazen and extraordinary” bad acts which resulted in the dissipation of nearly $7 million in trust assets.