AIG Wins Dismissal Of $1B Workers' Comp Fraud Suit

Law360, New York (August 21, 2009, 1:07 PM EDT) -- A federal judge has tossed a lawsuit seeking $1 billion in damages from American International Group Inc. and its affiliated companies for allegedly underreporting workers' compensation insurance premiums, saying the National Council on Compensation Insurance Inc. lacked standing to pursue the case.

Judge Robert W. Gettleman of the U.S. District Court for the Northern District of Illinois ruled Aug. 20 that the council, which was suing on behalf of 600 member companies, lacked standing because it did not have legal title or property interest in the...
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