Bermuda Supreme Court Chief Justice Sir James Astwood has refused to strike out a civil action started last summer by the liquidators of Focus Insurance against its former directors and officers.He has ruled that the action contains allegations which, if proved at trial, could show that the directors deliberately disregarded their legal duty to Focus and failed to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.
Focus directors fail to have lawsuit struck out
32 years ago
Topics
Bermuda Fraud InsuranceKeywords
David Thirkill Douglas Pullen Focus Insurance Mark Hardy