AIG Ordered To Cough Up Docs In CDS Dispute

Law360, New York (December 2, 2010, 6:40 PM EST) -- Despite its objections, American International Group Inc. has been ordered to turn over 12 million documents to investors who claim in a class action that the finance giant lied about the risks of its credit default swaps.

Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York on Tuesday ordered AIG and accounting firm PricewaterhouseCoopers LLP to provide investors access to documents that they already gave to U.S. investigators, despite the companies' worries that sharing the information may be illegal...
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