‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFormer A.I.G Chief Spars With Prosecutor at His Fraud Trial – The New York Times
Maurice R. Greenberg, the former chief executive of American International Group, clashed with a New York State prosecutor on Wednesday over the extent of his role in a transaction at the center of his civil accounting fraud trial. via Former A.I.G Chief Spars With Prosecutor at His Fraud Trial – The New York Times
A.I.G. to Pay Nearly $1 Billion to Settle Class-Action Suit Brought by Shareholders – NYTimes.com
Shareholders of the insurance giant American International Group have won approval of a $970.5 million settlement resolving claims that they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. A.I.G. to Pay Nearly $1 Billion to Settle Class-Action Suit Brought by Shareholders – NYTimes.com
Six Years After AIG Bailout, Trial Asks: Was It Legal? – NBC News.com
One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government’s rescue of American International Group Inc was, in fact, legal. via Six Years After AIG Bailout, Trial Asks: Was It Legal? – NBC News.com.