Most Of Subprime Suit Against ING Tossed Again

Law360, New York (March 29, 2011, 7:43 PM EDT) -- A New York federal judge on Tuesday again rejected most claims in a shareholder class action against ING Groep NV, finding that a recent Second Circuit ruling could not rescue claims that the financial services giant illegally hid its risky mortgage-related exposures.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York agreed to reconsider his decision in light of the U.S. Court of Appeals for the Second Circuit's February ruling in Litwin et al. v. Blackstone Group LP, which...
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