Litigation

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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

Tags: mortgage , Merrill Lynch , AIG , American International Group , banks , Wells Fargo , Jpmorgan , Litigation , Insurance , lawsuit , Bank of America , Countrywide , Securities

AIG Pays $23M In Gulf Oil Spill Claims; Total May Rise
Posted on 6 Aug 2010 by LexisNexis Litigation Resource Community Staff

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

Tags: fisheries , Chartis , property damage , oil spill , wrongful death , Gulf spill , AIG , Deepwater Horizon , environmental damage , American International Group , cleanup , Litigation , Insurance , class actions , lawsuit , bodily injury , Gulf Coast , BP , business interruption , Gulf of Mexico