4 Entities Hurt By Vesttoo Collapse Sue China Construction Bank, Others For Fraud

(May 14, 2024, 9:35 AM EDT) -- NEW YORK — Asserting that they were some of the “biggest victims” of the alleged fraud underlying the collapse of Vesttoo Ltd., entities including Porch Group Inc. and Homeowners of America Insurance Co. (HOA) sued China Construction Bank Corp. (CCBC) and related parties in a New York federal court for fraud and negligent supervision and retention....