ITT Presses Claims Over 2007 Merger Before Wary 2nd Circ.
By Pete Brush ( October 7, 2016, 3:23 PM EDT) -- A grumpy Second Circuit pressed ITT Corp. Friday to explain why it continues to press tort claims stretching back to its $395 million purchase in 2007 of business interests and intellectual property controlled by CEO Patrick P. Lee, after a Manhattan federal judge said the 2015 suit was tied to the merger contract and therefore time-barred....
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