Man sues bank for millions
The Bank of Bermuda.
The Royal Gazette understands that Mr. Robinson is 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.
Soon after the loan was taken out, Mr. Robinson lost his job as assistant manager of mortgage and finance at L.P Gutteridge back in the early 1990s.
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 judgement 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. Mr.
Robinson refused to comment on the matter referring questions to his lawyer Marc Telemaque. Mr. Telemaque was unavailable for comment yesterday.
The Bank of Bermuda said it had no comment on the matter.