Bank Faces Another Negligence, Fraud Suit In Connection With Vesttoo Collapse

(August 30, 2024, 1:11 PM EDT) -- NEW YORK — Asserting fraud and negligence claims against China Construction Bank Corp. (CCBC) and related entities, a company affected by the collapse of Vesttoo Ltd. filed suit in New York state court for damages that it says include at least $140 million in cedent premium payments that went into designated segregated accounts....