CL Financial bailout – After the Judgment

frank-seepersad
Justice Frank Seepersad

On 4th July 2019, the High Court (with presiding judge, Justice Frank Seepersad) ruled in my second lawsuit to get the remaining details of the CL Financial bailout. In the first lawsuit, I was able to get the details of the $10.823 Billion in Public Money paid to 13,200 named EFPA claimants within this massive bailout. CLICO sold the EFPA, which comprised most of its liabilities at the time of the CL Financial collapse in January 2009.

The ruling specified that my full costs be paid by the State, so that showed the case ended overwhelmingly in my favour. That said, there was a significant disappointment in that the ruling also specified that the payees’ names for British American Insurance Company (BAICO) and CLICO be omitted from the details to be provided within 28 days.

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