W.Va. Teacher Gets AIG Action Sent Back To State

Law360, New York (January 22, 2010, 6:50 PM EST) -- A federal judge has granted a West Virginia teacher's bid to remand to state court a putative class action accusing insurance giant American International Group Inc. of selling fixed annuities to educators by misrepresenting the products as being connected with a state retirement board.

The U.S. District Court for the Southern District of West Virginia on Wednesday remanded the issue to the Circuit Court of Kanawha County, W.Va., finding that the only federal issues had been eliminated and remaining state claims were not related to federal...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.