What the claim sets out
According to the filing, Aon’s CPI structure was sold as a way for high-growth companies to borrow against the value of their IP, with insurers providing a policy to secure the collateral and investors taking the risk. The Trust says the scheme scaled quickly, with Vesttoo used to connect insurance risk to capital markets, even as warning signs mounted over the quality of letters of credit (LOCs) presented to support transactions.
