BROKER CLIENTS WANT RIGHT TO SUE FOR 25M

Tue, Jan 31st 2012, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

CLIENTS of a failed Bahamian broker/dealer are seeking a Supreme Court order that would assign them the right to sue those deemed responsible for their collective $24.5 million loss, fearing they may lose forever any prospect of recovering this sum.

Two separate clients have filed documents before the court requesting that Caledonia Corporate Management's court-supervised liquidator, Deloitte & Touche (Bahamas) partner Anthony Kikivarakis, assign to them the rights to pursue legal action against the broker/dealer's Canadian correspondent, Jitney, plus the four persons deemed responsible for the $24.5 million loss.

Mr Kikivarakis is curre ...

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