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Mashreqbank, PSC v. ING Group N.V. et al

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Case overview

Case Number:

1:13-cv-02318

Court:

New York Southern

Nature of Suit:

Contract: Other

Judge:

Lorna G. Schofield

Firms

Companies

Sectors & Industries:

  1. May 28, 2013

    ING Mismanagement Suit Likely To Survive Dismissal Bid

    A federal judge indicated Tuesday that she would likely not dismiss a new contract lawsuit alleging that an ING Group NV-affiliated asset manager put money into risky securities without permission.

  2. April 09, 2013

    ING Unit Hit With $61M Suit Over Bank's Investment Losses

    Dutch banking giant ING Group NV was hit with a breach of contract suit by MashreqBank PSC in New York federal court Monday, accusing one of its units of investing Mashreq's money in risky securities without permission, costing the United Arab Emirates-based bank about $61 million.