Parties: Speciality Life Insurance Inc. and Insurance Supermarket Inc. (Plaintiffs) vs. Daumier Financial Services Inc., Daumier Financial Services Ltd., and various individuals (Defendants).
Facts: The plaintiffs alleged a multi-year fraudulent scheme by the defendants, leading to wrongful gains of nearly $74 million.
Date: A hearing was set before the Commercial List on May 27, 2024.
Issues: The case involved cost determinations after motions regarding a Mareva injunction and claims of fraud were adjudicated.
Amount: The case before the Commercial List was valued at $63,000,000.
Costs: The court awarded costs on a partial indemnity scale, totaling $200,000, to be paid by the defendants to the plaintiffs within 30 days.
