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/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 http://www.law360.com/articles/129879 Connecticut Attorney General Richard Blumenthal has reached a landmark $1.3 million settlement with Hartford Financial Services Group Inc. to resolve allegations that the company schemed to fix the prices of insurance and reinsurance costs across the U.S. http://www.law360.com/articles/129879 http://www.law360.com/articles/129808 In an effort to prevent a repeat of the 2008 financial system collapse, Obama administration officials have promised to end the reign of “too big to fail” thinking, in part by expanding the authority of the Federal Deposit Insurance Corp. http://www.law360.com/articles/129808 http://www.law360.com/articles/129859 The judge overseeing WL Homes LLC’s Chapter 7 liquidation has lifted the bankruptcy stay again, clearing the way for approximately 100 more homeowners to pursue two tort actions against the debtor’s insurer, American International Group Inc. http://www.law360.com/articles/129859 http://www.law360.com/articles/129690 The Obama administration's executive pay czar has reportedly decided to cut compensation by as much as 90 percent for the 25 top executives at seven companies — including Bank of America Corp., Citigroup and General Motors Co. — that received large amounts of federal bailout money from the Troubled Asset Relief Program. http://www.law360.com/articles/129690 http://www.law360.com/articles/129402 Baker & Hostetler LLP has continued the expansion of its New York office, announcing the addition Tuesday of four securities litigators: partners Mark A. Kornfeld, Deborah H. Renner and Gonzalo S. Zeballos, and counsel Timothy Pfeifer. http://www.law360.com/articles/129402 http://www.law360.com/articles/129196 Finding that the plaintiff forfeited her rights to have her case heard in federal court, a judge has dismissed a suit by a former American International Group Inc. compliance manager and one-time Skadden Arps Meagher & Flom LLP attorney accusing the company of retaliatory termination for blowing the whistle on a scheme to secure real estate asset management business using unlawful gifts. http://www.law360.com/articles/129196 http://www.law360.com/articles/129076 A court has dismissed a breach of insurance contract case against AIG Domestic Claims Inc. and National Union Fire Insurance Co., ruling that plaintiff Lifeline Health Group Inc. failed to state a claim under the language of its directors and officers, corporate liability, and employment practices liability insurance. http://www.law360.com/articles/129076 http://www.law360.com/articles/128610 American International Group Inc. expects to see a loss of around $1.4 billion on the sale of its Taiwanese life insurance unit, the insurer said in a U.S. Securities and Exchange Commission filing Thursday. http://www.law360.com/articles/128610 http://www.law360.com/articles/128545 The U.S. House of Representatives' Financial Services Committee voted Thursday to approve a landmark bill designed to introduce new regulation and transparency to the over-the-counter derivatives market, a key provision of the Obama administration's financial reform agenda. http://www.law360.com/articles/128545 http://www.law360.com/articles/127918 American International Group Inc. plans to sell off its Taiwanese life insurance unit for $2.15 billion to a consortium of investors headed up by Hong Kong-based financial services firm Primus Financial Holdings Ltd., the biggest divestiture the troubled insurance giant has made since the U.S. government threw it a $182.5 billion lifeline. http://www.law360.com/articles/127918 http://www.law360.com/articles/127752 American International Specialty Lines Insurance Co. has moved to compel arbitration in a case brought by a Massey Energy Co. unit over payment for a multimillion-dollar settlement of wrongful death claims brought by the widows of two miners who died in a 2006 fire in one of the company's coal mines. http://www.law360.com/articles/127752