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A federal judge in New York held that a dispute over $49 million in taxes arising from ACE Ltd.'s acquisition of CIGNA Corp.'s property and casualty business falls within an arbitration clause of the acquisition agreement concerning tax issues. In rejecting ACE's argument that the dispute does not concern taxes, he said it would be illogical to exclude the debits and credits between CIGNA and its subsidiaries from the scope of the word "taxes."
July 19, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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