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Cadillac F1 owners Mark Walter and TWG Global face class-action lawsuit

Mark Walter, an investor in the Cadillac Formula 1 venture, has been targeted in a newly submitted class-action legal proceeding. The case arrives amid a parallel inquiry examining accusations of fraudulent conduct connected to his insurance businesses.

Submitted to the U.S. District Court for the Southern District of Florida, the formal filing asserts that Walter conducted these activities through corporate entities including Delaware Life and TWG Global.