The London-based Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund PLC assert that Wander and 777 knew the assets "did not exist" or were "not actually owned by Wander's entities" despite having 'pledged' over $350 million (£279 million) in assets as collateral for a credit facility agreement.
As part of its civil claim, Leadenhall filed an 82-page document on Friday. It states that it is attempting to recover "millions of dollars in damages from a house of cards on the brink of collapse".
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