AIG Can Delay Disclosure Of Asset-Hiding Report, Judge Rules

Law360, New York (May 8, 2012, 4:53 PM EDT) -- A Washington federal judge on Tuesday allowed American International Group Inc. to delay disclosing reports detailing its efforts to help companies move bad assets off their balance sheets, a practice securities regulators deemed an illegal accounting gimmick in 2004.

U.S. District Judge Gladys Kessler granted AIG’s motion to stay an April 16 order giving it one month to release a redacted version of the reports, which were compiled by an independent consultant charged with overseeing AIG’s 2004 settlement with the U.S. Securities and Exchange Commission....
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