http://www.law360.com/ Latest articles for organization: AIG Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/135443 The Ohio attorney general has targeted the three leading ratings agencies with allegations of wreaking havoc on the U.S. financial markets by providing unjustified and inflated ratings of asset-backed securities in exchange for lucrative fees from securities issuers. http://www.law360.com/articles/135443 http://www.law360.com/articles/135277 A New York state Supreme Court judge has dismissed criminal indictments against two former Marsh Inc. executives and a former Zurich American Insurance Co. executive accused of participating in a massive bid-rigging and price-fixing scheme. http://www.law360.com/articles/135277 http://www.law360.com/articles/135158 U.S. Treasury Secretary Timothy Geithner appeared before a bicameral congressional panel Thursday to underscore the urgency of completing financial regulatory reform, taking heat from several Republican lawmakers calling for his resignation in the wake of alleged bailout missteps. http://www.law360.com/articles/135158 http://www.law360.com/articles/135135 A New Jersey state appeals court has reversed a ruling barring American International Group Inc. from compelling arbitration in an insurance contract dispute alleging bid-rigging from EPIX Holdings Corp., holding that AIG, while not a party to the contract, has standing to enforce its terms as parent company to one of the contractual parties. http://www.law360.com/articles/135135 http://www.law360.com/articles/135101 A federal judge has ordered the owners of the Cleveland Gladiators Arena Football League team to arbitrate claims in a related lawsuit against a unit of American International Group Inc. over premiums for a workers' compensation policy, finding that the issues fall within the scope of the arbitration agreement. http://www.law360.com/articles/135101 http://www.law360.com/articles/135029 A second former client has joined in a putative class action accusing Milberg LLP and other firms of negligence leading to the decertification and dismissal of a securities class action against a subsidiary of insurance giant American International Group Inc. http://www.law360.com/articles/135029 http://www.law360.com/articles/134700 The Federal Reserve Bank of New York failed to use its “considerable leverage” in negotiations in fall 2008 to reduce the amount of money it spent to help American International Group Inc. stay alive, according to a report assessing the U.S. government's involvement in the bailout. http://www.law360.com/articles/134700 http://www.law360.com/articles/134216 A bankruptcy judge has signed off on a Chapter 11 liquidation plan for real estate-related securities investment firm 2008 Asset Holding Corp. that allows the company to pay back only 1 percent to 2 percent of its $112 million in debt. http://www.law360.com/articles/134216 http://www.law360.com/articles/134062 The shakeup in the legal industry in the past year has left some prominent firms less beloved by corporate counsel, according to a new report. http://www.law360.com/articles/134062 http://www.law360.com/articles/134079 National Union Fire Insurance Co. of Pittsburgh, Pa., has called for the summary dismissal of a claim for coverage in a $30 million suit brought by Cox Communications Inc. that seeks reimbursement for the costs of indemnifying an executive caught up in investor litigation over the collapse of Internet service provider At Home Corp. http://www.law360.com/articles/134079 http://www.law360.com/articles/133947 Lifeline Health Group Inc. is challenging the dismissal of its case accusing AIG Domestic Claims Inc. and National Union Fire Insurance Co. of Pittsburgh, Pa. of failing to provide coverage for losses stemming from a series of suits over employment issues and the company’s health plan. http://www.law360.com/articles/133947 http://www.law360.com/articles/132821 Oil field servicing company Key Energy Services Inc. is asking a federal judge for summary judgment to force Twin City Fire Insurance Co. to pay it about $914,000 to partially cover $21.9 million Key paid to settle two securities and shareholder lawsuits brought against it. http://www.law360.com/articles/132821 http://www.law360.com/articles/132578 A former client has hit Milberg LLP and three other firms with a proposed class action, alleging negligence by the firms led a securities class action to be decertified and judgment to be entered in favor of the defendant, an American International Group Inc. subsidiary. http://www.law360.com/articles/132578 http://www.law360.com/articles/132426 U.S. House of Representatives Financial Services Committee Chairman Barney Frank, D-Mass., has asked the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission for input on amendments to beef up the committee's recently approved legislation to regulate derivatives. http://www.law360.com/articles/132426 http://www.law360.com/articles/131656 Wood composite materials maker Advanced Environmental Recycling Technologies Inc. has sought to appeal a ruling that an American International Group Inc. affiliate does not owe any defense coverage for claims that the company’s products are defective and vulnerable to unsightly mold and fungal growth. http://www.law360.com/articles/131656 http://www.law360.com/articles/131795 Continuing to streamline the gargantuan fraud case against American International Group Inc. and its top brass, the lead plaintiff has asked the court to dismiss two former company heavyweights from the consolidated shareholder action. http://www.law360.com/articles/131795 http://www.law360.com/articles/131313 Two federal appeals court decisions that revived public nuisance suits aimed at greenhouse gas emitters could spur a flood of global warming suits, which in turn could spark fights with insurers over coverage for mounting legal costs, according to insurance lawyers. http://www.law360.com/articles/131313 http://www.law360.com/articles/130165 U.S. Treasury Secretary Timothy Geithner on Thursday defended a proposal to create a new wind-down authority for "too big to fail" companies, which critics in the U.S. House of Representatives said could stretch federal authority too far while changing too little about future bailouts. http://www.law360.com/articles/130165 http://www.law360.com/articles/130488 A New York State Supreme Court judge acquitted three former Marsh Inc. executives of bid-rigging, price-fixing and other charges Monday after a nearly yearlong trial. http://www.law360.com/articles/130488 http://www.law360.com/articles/129962 Top executives at seven companies still receiving assistance from the U.S. government's $700 billion Troubled Asset Relief Program — including Bank of America Corp., General Motors Co. and American International Group Inc. — will see their pay slashed starting in November, the official charged with monitoring executive compensation at bailout companies said Thursday. http://www.law360.com/articles/129962