AIG Fraud Claim Against Moore Capital Survives On Appeal

Law360, New York (July 9, 2013, 2:18 PM EDT) -- AIG Financial Products Corp. sufficiently alleged Moore Capital Management LP provided "substantial assistance" in drafting a complex securities agreement that left AIG on the hook for $350 million, a New York appellate panel ruled Tuesday, affirming a trial judge's refusal to dismiss a claim of aiding and abetting fraud.

Five judges in New York City's First Department — a mid-level appellate court — backed up Manhattan trial judge Jeffrey K. Oing's refusal to dismiss the fraud claims against the hedge fund and its Seychelles Ltd. unit....
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