ACE seeks contempt proceedings against litigation financier

07th Jan 2016

Irish developer Garrett Kelleher invested “$2.85 million in 2006 in the efforts of Liberian group Abi Jaoudi and Azar Trading (AJA) to enforce a $66.5 million judgment against US insurer Cigna Worldwide [acquired by ACE in 1999], in return for a share of the lawsuit’s proceeds”. The litigation was unsuccessful, but ACE plans to ask a US court to find Mr. Kelleher and others involved in contempt of court for their involvement.

Read the full story in the Irish Times here.