| Excerpt: |
The lawsuit, uncovered this week
by the Miami-based business newsletter
Offshore Alert,
was filed in the Grand Court of the Cayman Islands on Dec. 19.
Lawyers for Deloitte & Touche arrived at the $ 3-billion price tag
because it represented the sum of all Canadian lawsuits involving
Bre-X.
"The number being claimed is a derivative of actions against Bre-X
itself along with a large number of other defendants," said Ross
Nelson, senior vice-president of Deloitte & Touche in Calgary.
It's the first legal action against the 56-year-old geologist filed
in the Caribbean nation, a tax haven and playground for the wealthy.
It could also be the first in a string of suits by Deloitte & Touche
against Bre-X executives, including former president David Walsh.
"I'm sure they're looking into getting Walsh as well,"
Offshore Alert publisher David
Marchant said. "It might just be a matter of time before he's
targeted." |
