11/23/16 Recap: Confusing mess but the upshot is that the court-appointed administrator (FTI Consulting) seeks to claw back depositor funds that were transferred to a separate entity under Eastern Caribbean Central Bank regulatory supervision.
Jurisdiction: S.D. of New York
Capital Structure: ~$6mm of deposits at issue.
Company Professionals:
Legal: Reed Smith LLP (James McCarroll, Jordan Siev, Kurt Gwynne)
Financial Advisor: FTI Consulting (William Tacon, Ian Morton)
