Anbang returns fire in court appeal of $5.8B deal loss

Anbang Insurance Group has leveled fraud allegations against lawyers for the South Korean firm that won a court’s permission last year to abandon a $5.8 billion deal to buy 15 hotels from the China-based company’s affiliate. Anbang is appealing the decision by a Delaware Chancery Court magistrate, who criticized Anbang’s attorneys in siding with South Korea’s Mirae Asset Capital Co.