Leadenhall Capital Sued by A-CAP for Fraud in 777 Dealings

A portion of A-CAP has filed a ailment successful the Southern District of New York against Leadenhall Capital Partners, accusing the second of fraud successful dealings with 777 Partners.

Both A-CAP and Leadenhall person been creditors to 777, which erstwhile tried to bargain the Premier League’s Everton Football Club. In the complaint, A-CAP argues that Leadenhall was alert of problems with collateral and was efficaciously “in” connected the fraudulent activity. A-CAP cites substance messages wherever Leadenhall unit “made jokes astir treble pledging” assets.

Leadenhall itself sued 777 and A-CAP successful 2024, alleging fraud, breach of contract, and improper pledging of collateral.

The ailment is the latest improvement successful the saga astir London-based Leadenhall, which positions itself arsenic a specializer successful insurance-linked investments, spanning catastrophe bonds, collateralized reinsurance, beingness and health-linked hazard transfer, and insurance-adjacent backstage credit. Leadenhall has faced troubles with a drawstring of different deals, including Friday Health Plans, Health IQ, and Reverse Mortgage Investment Trust.

Leadenhall didn’t instantly respond to a petition for remark from CorpGov.

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