Businessman end long legal battle with bank
A court case due to be heard in a fortnight to decide if businessman Harold Darrell was the victim of an alleged confidentiality breach by a Bank of Bermuda officer is now officially terminated.
The civil matter, which had been due to be heard on November 27, was officially ended earlier this month by an order of the Supreme Court. As part of the civil action?s discontinuance, it is expected Mr. Darrell will pay off up to $900,000 in years? old bank debt and costs. It is understood he may also have to cover the bank?s legal fees for the matter.
The bank?s senior legal counsel Sonja Salmon said the bank had received judgment for the amounts owing by Mr. Darrell and Darrell Contracting, and that interest on the outstanding debt will accrue until payment is made.
?We are pleased that this long-running litigation has now been resolved, in a manner which supports the position the bank has taken from the outset,? Ms Salmon said.
Mr. Darrell?s spokesman did not respond to a request for comment.
The official termination of the case ends a longstanding legal battle. Mr. Darrell weeks ago indicated plans to back down on the action.
However, the two parties are still pitted against each other in a separate matter. Mr. Darrell five years ago launched a human rights complaint against the bank. A three-person Human Rights Tribunal first sat from September 21 to September 30 but the hearing was adjourned to mid-2006 because not all the evidence was presented in the eight days allotted.
In that matter, Mr. Darrell alleges he was racially discriminated against by bank directors because they did not personally address his confidentiality breach allegation.
