Judge Nixes Ohio Funds’ Claims Against Gen Re

By Erin Coe

Law360, New York (September 10, 2010, 7:39 PM ET) -- A federal court has dismissed claims brought by several Ohio pension funds alleging General Reinsurance Corp. and individual defendants played a part in assisting American International Group Inc. in carrying out a bid rigging and stock price manipulation scheme.

Judge Deborah Batts of the U.S. District Court for the Southern District of New York on Friday tossed the plaintiffs’ causes of action against the Gen Re defendants, finding that none of the defendants made any public statement or took any action related to AIG stock that...
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