The case of the day is Certain Funds, Accounts and/or Investment Vehicles Managed by Affiliates of Fortress Investment Group LLC v. KPMG, LLP (2d Cir. 2015). This is the appeal from Judge Buchwald’s interesting § 1782 decision from July 2014. Here was my summary of the case from the prior post:
Tagged: 1782, Bahrain, Cayman Islands, Saudi Arabia
The case of the day rejoices in the name In re Petition of Certain Funds, Accounts, And/Or Investment Vehicles Managed By Affiliates Of Fortress Investment Group LLC (S.D.N.Y. 2014). Fortress was an investment management firm. It invested in bonds and notes issue by two Saudi Arabian businesses, the Saad Group and Ahmad Hamad Algosaibi & Brothers, or “AHAB.” AHAB, you may recall, has been the subject of two prior posts, one in February 2013, the other in October 2011.
Tagged: 1782, Cayman Islands, Saudi Arabia
The case of the day is Gushlak v. Gushlak (2d Cir. 2012). The case makes an important point about the procedure in § 1782 cases, and so as not to bury the lede, I’ll just state the point here: It is proper to apply ex parte for judicial assistance. The target of the discovery can assert whatever arguments he wishes on a motion to quash the subpoena. I first discussed the case in my post of September 6, 2011. Here was my description of the facts: Myron Gushlak was an investment banker who, according to the New York Daily News, “live[d] in a mansion in the Cayman Islands and pa[id] no taxes.” In May 2011, he pleaded guilty to conspiracy to commit securities fraud…
Tagged: 1782, Cayman Islands