Chinese Bank Faces New Suit Alleging Reinsurance Fraud <https://www.law360.com/newyork/articles/2269868?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-12-06&read_main=1&nlsidx=0&nlaidx=10>
By Ganesh Setty Another group of insurers has accused one of China's largest banks of participating in a "multi-billion-dollar fraud" in the reinsurance market, telling a New York federal court Thursday that the bank, including its New York branch, has refused to honor over $890 million worth of letters of credit. Complaint attached | Read full article » <https://www.law360.com/newyork/articles/2269868?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-12-06&read_more=1&nlsidx=0&nlaidx=10> | Save to favorites » <https://www.law360.com/newyork/articles/2269868?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-12-06&read_later=1&nlsidx=0&nlaidx=10>
