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The BERMUDA MONETARY AUTHORY SENT OUT THE FOLLOWING NOTICE SEPTEMBER 28th, 2020 copied below. Soreide Law Group has been filing claims on behalf of investors in NorthStar Financial Services since early 2020 before this announcement against various brokerage firms who sold these investments to their clients as guaranteed investments. Clearly now that these investments have appointed a liquidator and are being unwound investors are quickly realizing their fear that their principal may never get returned in full as promised. Soreide Law Group has already filed millions of dollars in claims for more than a half dozen claims on behalf of investors from Mexico to Japan against brokerage firms that pushed this investment. We are representing investors on a contingency fee and all consolations are free. Call 888-760-6552 today to find out what you should be doing now to make sure you don't lose your investment. Or visit https://www.securitieslawyer.com
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The following was sent out via email on September 28th, 2020 to Northstar Bermuda Investors:
Re: Northstar Financial Services (Bermuda) Ltd., PB Life and Annuity Co. Ltd. and Omnia Ltd. (Collectively referred to herein as the "Companies") – Appointment of Joint Provisional Liquidators
We, the Bermuda Monetary Authority ("Authority"), are writing to you as a policyholder, policyholder representative or complainant relative to the Companies or any of them. We wish to inform you that we filed a winding-up petition in the Bermuda Court against each of the Companies, on Friday, 18 September 2020, along with applications to appoint joint and several provisional liquidators ("JPLs") of each of the Companies. The applications for the appointment of the JPLs were granted by the Court on 25 September 2020, and Ms. Rachelle Frisby and Mr. John Johnston of Deloitte Ltd. in Bermuda were appointed as JPLs.
Company in question:
· Northstar Financial Services (Bermuda) Ltd.
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· PB Life and Annuity Co. Ltd.
· Omnia Ltd.
The JPLs will advertise their appointment in the Bermuda Royal Gazette in the near future. The notice of the date of the hearing of the winding-up petitions will also be published in the Royal Gazette in due course, once the hearing has been listed by the Bermuda Court.
Your contact particulars have been provided to the JPLs who will be in contact with you directly in due course.
For and on behalf of the Bermuda Monetary Authority
Supervision - Insurance
Bermuda Monetary Authority
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