2nd Circ. Targets AXA Tactics In Retaliation Suit

Law360, New York (January 5, 2011, 3:23 PM EST) -- A Second Circuit judge on Wednesday accused AXA Network LLC of using piecemeal tactics in fighting a retaliation case brought by a former securities broker who allegedly blew the whistle on a co-worker's Ponzi scheme involvement.

Judge Amalya L. Kearse lobbed the allegation in the U.S. Court of Appeals for the Second Circuit during arguments over whether to reverse an interim ruling in the case demanding that the broker, Steven Novick, immediately repay $545,829 in principal and interest on a loan from AXA as well as...
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