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Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022

April 23, 2024

Three investment firms connected to some of the best-known names on Wall Street have upped the ante in a legal dispute over now-insolvent Lighthouse Property Insurance Corp., based in Tampa.

Fortinbras Enterprises, the managing partner of which is the well-known Ben Black; two Silver Rock funds, once affiliated with famous fund manager Michael Milken; and HT Investments last week filed a new lawsuit against former Lighthouse CEO Patrick White and his father, Lawrence White, alleging that the Whites misled the investment firms about the extent of Lighthouse financial trouble after Hurricane Ida hit Louisiana in 2021.

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