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CLICO move

Tim Slinger

CLICO move

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LAWYERS representing CLICO Holdings have appealed to the court for an extension of time to file a defence in the multimillion dollar lawsuit brought against the company by former executive chairman Leroy Parris.
The application filed on Monday is now awaiting a date for hearing.
In a statement yesterday, the law firm Lex Caribbean said the company (CLICO Holdings) had found no trace whatsoever of any contract guaranteeing Parris a $10 million gratuity payment.
This had caused the delay in the firm’s presenting a defence, says head of the law firm, attorney Garth Patterson, QC, who noted that Parris’ legal representative, attorney Michael Yearwood, had given an undertaking to present the alleged agreement, but despite several promises it never received the document.
“. . . The claim for gratuity is alleged based upon an agreement that is referred to in the statement of claim filed by Professional Financial Services Inc., a company controlled by Mr Parris. CLICO Holdings could not find in its records any copy of the alleged agreement, and in accordance with the rules of the Supreme Court requested that the claimant produce a copy,” the statement said.
Full story in today’s DAILY NATION.