ING Revenue-Sharing Complaint Dismissed

Law360, New York (November 12, 2007, 12:00 AM EST) -- An attorney for the lead plaintiff in a putative class action suit against ING Life & Annuity Co. over revenue-sharing payments ING allegedly took from mutual fund advisers while managing retirement plan investments said Tuesday that he is hoping to breathe new life into the case following its dismissal on Nov. 6.

“We're disappointed, and we're hopeful that it will be reversed,” said attorney Allen C. Engerman, referring to U.S. District Judge Mark R. Kravitz' decision to dismiss the case for failing to state a valid...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.