Kuwait Investment Office Latest To Sue AIG Over MBS, CDS

Law360, New York (November 18, 2011, 9:54 PM ET) -- The Kuwait Investment Office, which manages funds on behalf of the nation, on Friday became the latest to sue American International Group Inc. over allegations that the company misled investors about its exposure to mortgage-backed securities and credit default swaps.

KIO, which purchased AIG securities between March 2006 and September 2008, joins a slew of cases currently pending in New York federal court that accuse the company and several of its directors of making misleading statements and omitting information about the riskiness of its investments, causing...
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