Dismissal Bids Fought In Row Over Vesttoo-Linked Letters Of Credit

( March 17, 2025, 8:17 AM EDT) -- NEW YORK — In four motions that have drawn opposition, China Construction Bank Corp. (CCBC) and related defendants seek dismissal of claims that stem from the alleged fraud underlying the collapse of nonparty Vesttoo Ltd., arguing primarily that the New York federal court lacks jurisdiction and the claims are not sufficiently stated....