E&Y Stalling Case Over $1.5B ING Unit Buy, AXA Says

Law360, New York (July 25, 2012, 2:46 PM EDT) -- AXA SA, which is suing ING Groep NV for allegedly misleading it into buying a Mexico-based insurer in a $1.5 billion stock purchase agreement, told a New York state court Tuesday that Ernst & Young is stonewalling AXA's discovery requests to protect the auditor's own reputation.

AXA unit AXA Mediterranean Holdings SA alleges that not until after it closed on the $1.5 billion stock purchase agreement to buy Seguros ING SA de CV and bond unit ING Fianzas SA from another ING affiliate in July 2008...
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