White Rock secures NY court order to stop Vesttoo from moving funds
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White Rock secures NY court order to stop Vesttoo from moving funds

Vesttoo money.jpg

The New York Southern District Court has issued a temporary order preventing Vesttoo from moving assets out of its bank accounts or moving funds held in accounts with Truist Bank, after White Rock Insurance (SAC) filed a petition to that effect.

ILS transformer platform White Rock sought to expedite the order, pending arbitration of its claims against Vesttoo.

“Without immediate injunctive relief from this court, Vesttoo may empty its bank account prior to any adjudication in the forthcoming arbitrations, rendering ineffective...

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