Equity Holders Class Certified In AIG Fraud Suit

Law360, New York (February 23, 2010, 2:57 PM EST) -- A federal judge will allow a group of pension funds in a massive securities fraud lawsuit over alleged false statements regarding American International Group Inc.'s financials to certify a class of equity stockholders, but has declined to include bondholders in that group.

In a ruling Monday, Judge Deborah A. Batts of the U.S. District Court for the Southern District of New York granted a certification bid by the lead plaintiffs — the Ohio Public Employees Retirement System, State Teachers Retirement System and Ohio Police and Fire...
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