A unit of A-CAP has filed a complaint in the Southern District of New York against Leadenhall Capital Partners, accusing them of fraud in dealings with 777 Partners. A-CAP argues that Leadenhall was aware of problems with collateral and participated in fraudulent activity, citing text messages as evidence. Leadenhall had previously sued 777 and A-CAP in 2024 for fraud and breach of contract. This complaint adds to the saga surrounding Leadenhall, which has faced troubles with various deals including Friday Health Plans, Health IQ, and Reverse Mortgage Investment Trust. Leadenhall did not immediately respond to requests for comment.

Read more at Yahoo Finance: Leadenhall Capital Sued by A-CAP for Fraud in 777 Dealings