It’s back to the drawing board for former CLICO executive Leroy Parris and his legal team after the High Court today delayed judgment on his legal challenge.
Parris and his lawyers have been asking the court to reverse an earlier ruling, which ordered the insurance executive to refund CLICO $3.3 millions.
The CLICO judicial manager, Deloitte, which filed the challenge against Parris has alleged that Parris obtained the money from the insurance company he once led, in breach of trust and fiduciary duty.
About 90 minutes after the matter began in the Number 11 High Court, the two parties emerged outside the chamber.
Attorney for the CLICO Judicial Manager Ramon Alleyne told reporters both sides have to correct filing issues and return for trial next Wednesday afternoon.