Litigation

Recent Posts

AIG Sues Bank Of America For $10 Billion Over Mortgages
Posted on 10 Aug 2011 by LexisNexis Litigation Resource Community Staff

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

Kevin LaCroix: Catching Up On Rulings In Key Subprime-Related Securities Lawsuits
Posted on 13 Apr 2011 by Kevin M. LaCroix

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

AIG Securities Class Settles For $725 Million
Posted on 20 Jul 2010 by Dylan McGuire

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