Holding Co. Principals Not Upholding Bargain: Cayman Fund

Law360, New York (December 7, 2011, 9:43 PM EST) -- Cayman Islands corporation Aviator Master Fund Ltd. and several other investment funds sued Strategy International Insurance Group Inc. principals in New York court Monday, claiming Strategy's Sandro Sordi and John Hamilton failed to make good on a pledge to turn over $15 million in real estate.

According to the lawsuit, Sordi and Hamilton did not meet the obligations set forth in a 2007 settlement  wherein the plaintiffs agreed to drop a lawsuit alleging investment fraud against Strategy in exchange for repayment of $60 million from Strategy...
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