Andrews Securities Litigation and Regulation Reporter
June 20, 2001
Copyright (c) 2001 Andrews Publications
D.N.J. ALLOWS ABI/CENDANT FRAUD CLAIMS AGAINST E&Y TO PROCEED
P. Schoenfeld Asset Mgmt. v. Cendant Corp.
A federal judge in New Jersey has permitted a class of investors in American Bankers Insurance Group to pursue securities fraud claims against Ernst & Young stemming from the collapsed bid to acquire ABI made by E&Y client Cendant Corp. Roughly two...