Judgment · jid 4748 · pdb #3683
Primeo Fund (In Official Liquidation) v Michael Pearson (as Additional Liquidator of Herald Fund SPC) - Ruling
FSD 0027/2013 (AJJ) · 2015-06-12
Section 37(7)(a) Companies Law – whether shares “not redeemed” at liquidation commencement; Redemption under fund Articles vs statutory meaning; Madoff/BLMIS fraud context; NAV determinations bindingness; Fairfield Sentry principles; Section 112(2) rectification power; CWUR O.12 r.2 (fraud/default; mis‑stated NAV); External vs internal fraud; Solvent‑liquidation member‑rights adjustment; Priority of redeemers vs continuing members
All PDF copies on file (3)
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PDB
20 May 2026
CURRENT
15-06-12-Herald-Fund-SPC-Primeo-Fund-v-Michael-Pearson.pdf
6.19 MB · md5 f647652921dc406e5aea4a42e52298fc
Downloaded 2026-05-20 from the new judicial.ky Participants-Database release at https://judicial.ky/n0c-storage/judgments-repository2/15-06-12-Herald-Fund-SPC-Primeo-Fund-v-Michael-Pearson.pdf.
CSV
13 Apr 2025
CURRENT
4NWXW8STH1VH1DE60B0A3A1618FE59CBF52CC9570A7945A350BC.pdf
1.34 MB · md5 f34007af7b763eb08fb27a959a23e1de
Legacy box_files copy — originally downloaded under jid=655 from the now-frozen judicial.ky CSV pipeline (Box.com signed-URL AJAX action=dl_bfile). Kept on disk for reference; the PDB release is the canonical current version. | re-homed from jid=4748 (identity-slide repair 2026-06-12)
CSV
13 Apr 2025
CURRENT
3UFJR9FPWA631DE60AG117A19E991F51B3A8AA1FB6D6C06A75E7.pdf
482.93 KB · md5 c540fdb34e7d1e5932bb8a2a4d2eac6a
Legacy box_files copy — originally downloaded under jid=536 from the now-frozen judicial.ky CSV pipeline (Box.com signed-URL AJAX action=dl_bfile). Kept on disk for reference; the PDB release is the canonical current version. | re-homed from jid=4748 (identity-slide repair 2026-06-12)
Full metadata
| Cause Number | FSD 0027/2013 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | Primeo Fund (In Official Liquidation) v Michael Pearson (as Additional Liquidator of Herald Fund SPC) - Ruling |
| Judgment Date | 2015-06-12 |
| Subject | Section 37(7)(a) Companies Law – whether shares “not redeemed” at liquidation commencement; Redemption under fund Articles vs statutory meaning; Madoff/BLMIS fraud context; NAV determinations bindingness; Fairfield Sentry principles; Section 112(2) rectification power; CWUR O.12 r.2 (fraud/default; mis‑stated NAV); External vs internal fraud; Solvent‑liquidation member‑rights adjustment; Priority of redeemers vs continuing members |
| Filename (current) | 15-06-12-Herald-Fund-SPC-Primeo-Fund-v-Michael-Pearson.pdf |
| File MD5 | f647652921dc406e5aea4a42e52298fc |
| Source pipeline | pdb |
| PDB record ID | 3683 |
| PDB URL | https://judicial.ky/n0c-storage/judgments-repository2/15-06-12-Herald-Fund-SPC-Primeo-Fund-v-Michael-Pearson.pdf |