TeamBrazen
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I wish you well TeamBrazen, I really do, but I just can't help thinking you are on a hiding to nothing.
The bank you are after is very well represented in Caymans and these places tend to work very much on relationships, including the legal system. They will employ local big fat lawyers and have you in the court system for years.
I have seen big firms operate at first hand. They often know they have done wrong, but it comes down very simply to they have more money than you. By running you round the court system for years you eventually exhaust your cash and have to give up.
I think you may well revisit these words in a few years from now.
I haven't checked yet but I seem to recall in the Madoff case the people chasing the return of monies went after everyone. Those who had profits as well as recipients of his largesse.
Maybe you need to ask your legal boys if Lightning has a point. I guess it would have to be after a UK case that finds people guilty, but you may be better off in the UK system?
All true and all considered thus far. That's why we are looking at contingent fees, a QC that has operated in the Cayman successfully in the past, and ATE insurance. A class action has a greater chance of success as the fees are diluted, capped by having an institutional funder, and ultimately there are 585 victims here including a shed load of Ghurka's who have been fleeced of their life savings (so the police tell me). In the Madoff case, the forensic accountants managed to get around 60% or so of investor monies back so it can be done, but you are right, the bank is target one, and the most likely to be successful, but there are other avenues so no stone will be left unturned.