Bank of Bermuda hit with refiled suit
reportedly seeking millions of dollars in compensation for what is being alleged as breach of trust and breach of confidentiality by senior management regarding a loan he took out from the bank.
Summitt Development Ltd. president Dilton M. Robinson has also filed suit against David Gutteridge and Bank of Bermuda president and chief executive officer Henry Smith.
Mr. Robinson had filed a similar suit against The Bank of Bermuda last year.
He is not represented by a lawyer in the new suit. His wife Sharonlee A.
Robinson has also filed a writ against the Bank of Bermuda and Bermuda Home Ltd. The Royal Gazette understands that Mr. Robinson lost his job as assistant manager of mortgage and finance at L.P Gutteridge back in the early 1990s soon after he took out a loan from the bank. L.P. Gutteridge was later merged with the Bank of Bermuda's mortgage and property divisions to create Bermuda Home Ltd.
Mr. Robinson also has a writ out against Appleby, Spurling & Kempe (AS&K), the law firm which formerly represented Summitt during the time the company was building homes on Cut Road, St. George's.
Summitt was involved in a default judgment against American developer Thomas Coughlin, who was ordered to pay about $500,000 to Mr. Robinson. Back in 1994 Mr. Coughlin, who left the Island, was the centre of a police probe regarding the disappearance of hundreds of thousands of dollars from Summitt.
The Bank of Bermuda, the Bank of N.T. Butterfield and Son Ltd., and the Bermuda Building Society were also involved in legal action against Mr.
Coughlin at the time. AS&K represented the Bank of Bermuda in its action against Mr. Coughlin. The Royal Gazette was unable to reach Mr. Robinson yesterday.
COURTS CTS