AIG Unit, Investment Adviser End Asset Sale Fight

Law360, New York (July 7, 2011, 1:06 PM EDT) -- Investment adviser Scott & Stringfellow LLC on Wednesday settled a suit in Virginia accusing an American International Group Inc. unit of reneging on a contract to pay a fee on a $400 million municipal asset sale.

U.S. District Judge Henry E. Hudson dismissed the suit against AIG Commercial Equipment Finance Inc. with prejudice, granting a request by the AIG unit and Scott & Stringfellow roughly two weeks after they met for a settlement conference.

Scott & Stringfellow alleged in an amended complaint in January that the...
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