SEC Probes Demands On AIG By Goldman, Others

By James Armstrong

Law360, New York (February 08, 2010, 4:15 PM ET) -- The U.S. Securities and Exchange Commission is reportedly examining payment demands that prominent firms, including Goldman Sachs Group Inc., made on American International Group Inc. as the mortgage market was imploding in 2008.

According to an article in The New York Times on Sunday, the SEC wants to know whether any demands on the insurance giant made by Goldman and others could have improperly distressed the mortgage market.

The SEC on Monday declined to confirm or comment on the alleged inquiry, which the Times reported to...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles