Law360, New York (August 20, 2009) -- American International Group Inc. is facing a class action from policyholders who claim the humbled insurance giant wrongly has denied them coverage for millions of dollars in losses to notorious Ponzi schemer Bernard L. Madoff.
In a complaint filed Aug. 19 in the U.S. District Court for the Southern District of New York, the plaintiffs say AIG has engaged in a “calculated, ad hoc effort”...
