NEW YORK - (AP) More trouble piled up for Bank of America Corp. on Monday, as American International Group Inc. sued it for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued. The suit... Read More
NEW YORK - (AP) Taxpayers took another hit, this one indirect, from the oil spill caused by the Deepwater Horizon rig explosion through insurance claims related to the disaster. AIG, the insurance giant that is 80 percent owned by the government, said... Read More
Over the last few days, there have been a series of rulings in high-profile lawsuits arising out of the subprime meltdown and credit crisis. As discussed below, just in the past week there were dismissal motion rulings in cases involving Freddie Mac,... Read More
On Aug. 14, a panel of experts including Yun Lee, Associate General Counsel, AIG, Michael Miller of Steptoe & Johnson LLP, and Gonzalo Zeballos of Baker & Hostetler LLP will discuss the topics below and more, as well as take your questions during... Read More
NEW YORK - (Mealey's) American International Group Inc. (AIG) has agreed to pay $725 million to resolve a class action brought against it in a New York federal court by investors who allege that the company engaged in bid-rigging and accounting improprieties... Read More