Brookfield To Pay $905M To Resolve AIG Credit Swap Dispute
The agreement will terminate two related 25-year interest rate swap agreements executed in 1990 between Brookfield and AIG and four-year-old litigation related to the contracts that is pending in New York federal court, according to Brookfield.
Representatives of both AIG and Brookfield declined further comment on the settlement agreement.
Toronto-based Brookfield and...
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