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Article: Bermuda Court Vindicates Guatemala's Avicola Villalobos in Latest Phase of Reinsurance Company Matter.

Article from:
Insurance Weekly News
Article date:
November 28, 2008
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-- The Bermuda Court's ruling clearing Avicola Villalobos of allegations of fraud and money laundering stands uncontested

-- As a result of Court's rejection of allegations of fraud and money laundering, Lisa, S.A. must compensate Avicola Villalobos for as much as $2.6 million in litigation costs

-- Lisa, S.A. appeals then withdraws its appeal of the ruling in favor of Avicola Villalobos

-- Judge chastises Lisa's smear campaign

-- Bermuda litigation has absolutely no relation to Pollo Campero, Corporacion Multi-Inversiones or Co-Presidents Juan Luis Bosch and Dionisio Gutierrez Mayorga

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