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AIG Says PIMCO Filed Securities Fraud Suit Too Late

By Brandon Lowrey (April 30, 2015, 5:46 PM EDT) -- American International Group Inc. on Thursday removed to California federal court a Pacific Investment Management Co. LLC securities fraud suit alleging that AIG cost investors billions by lying about its exposure to the subprime mortgage market between 2006 and 2008, and fired back with a suit seeking to have PIMCO's claims declared time-barred....

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