The two aggrieved investors are reportedly exploring multiple legal avenues to recover what they claim is their improperly seized equity stake in the Generali Hexagon Cup from ex-Julius Baer banker Tyron Birkmeir's Lurra Capital in the escalating Hexagon Cup scandal.
Wellington Investments Ltd and Paul Coelho are considering litigation in multiple jurisdictions given the international nature of the Hexagon Cup investment parties, according to Tech Bulletin.
Potential claims could include fraud and misrepresentation if evidence shows Birkmeir promised equity while intending to structure the deal as a loan; breach of fiduciary duty if he was acting as their agent; and unjust enrichment for allegedly retaining an equity stake funded by their capital in the Hexagon Cup scandal.
Frontline Press notes that the investors could also seek regulatory intervention regarding the Hexagon Cup investment, potentially filing complaints with financial authorities in relevant jurisdictions about mishandling of investment funds by Lurra Capital.
Beyond financial recovery in the Generali Hexagon Cup matter, investors may seek injunctive relief to prevent the ex-Julius Baer banker from exercising any ownership rights derived from their capital until the Hexagon Cup scandal is resolved.
