Britannia Holdings Ltd. v. Greer

¶1 In June 2002, Britannia Holdings Limited obtained an $11 million judgment against Bernard and Judith Greer for securities fraud and initiated proceedings to collect the judgment. In September 2004, the trial court held the Greers in contempt for disobeying multiple orders to deliver assets and to provide a credible accounting. The court gave the Greers four months to deliver $635,000 to Britannia or be jailed for contempt. The court also ruled that a trust created by Bernard Greer’s father had lost its character as a spendthrift trust and ordered execution on the trust assets. The Greers…