American International Group Inc. last week agreed to pay $725 million to settle a securities class action lawsuit alleging that the company fraudulently inflated its financial results. AIG said in an SEC filing today that it may sell common stock to raise $550 million of $725 million and, if it cannot raise that amount, the settlement agreement may be terminated. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
‘Enforcement 40’ for 2020
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