Grant & Eisenhofer secured a confidential settlement in cross-border fiduciary duty litigation following GCX bankruptcy
Plaintiff(s):
GCX Liquidating Trust
Case type / claims:
Breach of fiduciary duty and related claims brought under Bermuda, France and Ireland law, along with other causes of action arising from the GCX bankruptcy.
Defendant(s):
Former directors, officers and employees of GCX debtors
Jurisdiction:
U.S. Bankruptcy Court for the District of Delaware
Year:
2024
Outcome:
- Case dismissed without prejudice for lack of personal jurisdiction.
- Confidential settlement subsequently secured.
