A venture capital firm and two partners were sued by an investor seeking to recover losses caused by its $1 million investment for a now -bankrupted reinsurance startup that was built on a phony letters of credit.
Goldeneye Advisors LLC wants to hold Hanaco Venture Capital Ltd. and two of its partners liable for fraud, or at least find their conduct was grossly negligent, in managing its investment into Vesttoo, according to the lawsuit filed in the US District Court for the Southern District of New York.
The suit adds to a pile of legal actions surrounding Vesttoo Ltd.—the ...
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