Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Calamos seeks Exin audit as part of $41.7mn lawsuit

  • John Hewitt Jones 9 February 2018
  • Early Exin backers John Calamos and John Koudounis claim that Matt Fairfield's insurance startup refused to produce required financial records when requested last year and have asked a county court in Chicago to force Exin to hand over an audit report in a lawsuit demanding $41.7mn.

    The backers are the founder and CEO, respectively, of Calamos Family Partners, an investment firm in Naperville, Illinois. Calamos provided bridge loans to the startup starting in 2016 and totalling over $41mn in agreements...

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