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ITT merger approval questioned amid tax free ruling dispute
A pretrial New Haven report alleges ITT misled investors and the IRS to win tax free approval for its Hartford Fire merger. The document cites Mediobanca letters and prior understandings with Lazard Freres, fueling a class action by Hilda Herbst. IRS and SEC inquiries loom over ITT’s actions and the Hartford tie up.
MENTIONED IN THIS ARTICLE
International Telephone and Telegraph Corporation
Internal Revenue Service
U. S. District Court
New Haven
Hartford Fire Insurance Co
Lazard Freres & Co
ITT
Mediobanca
Dings
Betowne Mediobanca
Lazard Freres
Herbst
Hartford
Inac
IRS
Securities and Exchange Commission
SEC