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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.