March 20, 2015
A New York federal judge signed off Friday on a $970.5 million class action deal to settle consolidated securities fraud claims against American International Group Inc. and green-lighted a $116 million legal fees award, the bulk of which will go to Barrack Rodos & Bacine and the Miller Law Firm PC.
December 22, 2014
Lead counsel for a group of Michigan pension systems in a consolidated securities class action against American International Group Inc. urged a New York federal judge on Monday to approve an award of $115 million in attorneys' fees, arguing that their work led to the massive $960 million settlement in the case.
September 16, 2014
A Bernstein Litowitz Berger & Grossman LLP attorney representing institutional investors against American International Group Inc. has asked a New York federal judge to extend the opt-out deadline until after the Supreme Court weighs in on whether a long-standing class action tolling provision should apply to certain securities suits.
September 12, 2014
PricewaterhouseCoopers LLP will pay $10.5 million to settle claims in a consolidated securities class action targeting American International Group Inc. for allegedly misinterpreting the value of credit default swaps and costing investors billions, after AIG shelled out $960 million, according to documents filed in New York federal court on Friday.
August 08, 2014
The first big impact of the Supreme Court's landmark Halliburton decision likely was felt earlier this month when American International Group Inc. said it would pay $960 million to settle a shareholder class action over how it represented its credit default swap business in the run-up to the financial crisis.
August 04, 2014
American International Group Inc. will shell out $960 million to settle a consolidated securities class action alleging the insurer misrepresented the value of credit default swaps between 2006 and 2008, costing investors billions, the company said in a filing with the U.S. Securities and Exchange Commission on Monday.
April 26, 2013
A New York federal judge on Friday threw out part of a putative class action alleging American International Group Inc. misled investors about its exposure to subprime mortgages ahead of the financial crisis.
May 22, 2012
A New York federal judge on Monday said American International Group Inc. has failed to demonstrate that certain documents it wanted to bar plaintiffs from using in a consolidated class action over fraud related to AIG's 2008 stock performance were privileged attorney-client work products.
March 06, 2012
Investors who brought a putative class action against American International Group Inc. and its executives must reveal the identities of three confidential witnesses whose testimony was crucial to their securities fraud suit, a New York federal judge ruled Tuesday.
August 18, 2011
American International Group Inc. contends in a motion filed Wednesday in New York court that the proposed class in a suit over AIG's 2008 near-collapse is much too large and should not be certified.