Athene Asset Management, LLC

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US plaintiff ‘outraged’ by defendant obtaining Bermuda court stay of NY lawsuit

A US-based plaintiff has described as "outrageous" the manner in which Bermuda-domiciled, NYSE-listed insurance holding company Athene Holding Ltd. obtained an ex parte injunction at Bermuda Supreme Court staying a lawsuit it had filed in New York alleging fraud by Athene's "controlling stakeholder", Apollo Global Management, of Delaware.