Michael Feinstein’s Legal Battles Over Stake Bank

Feinstein is up against another legal battle, this time initiated by Atlantic Bank for alleged fraud earlier this year while Stake Bank Enterprises Limited was under receivership. Today, Smith emphasized that this is a separate case, set to be heard sometime in 2025. But what does this mean for Feinstein’s constitutional challenge? Here’s what he had to say.

 

Godfrey Smith, Attorney-At-Law

“That is a separate lawsuit. We have fully answered that. We have put in our defense. We have argued that there is no evidence of fraud or misrepresentation in any of the allegations made. That is a separate cause of action which is timetabled for some time next year.”

 

Reporter

“How will these two things be resolved, if later on the court says Mr. Feinstein get that land fraudulently, he is not entitled to any compensation.”

 

Godfrey Smith

“We believe in the strength of our argument. We believe we will be able to demonstrate clearly to the court that he lawfully came into possession of the twenty-three point four acres without any fraud, misrepresentation, breach of fiduciary duty or any allegation being made against him.”