Law360, New York (February 25, 2010, 7:17 PM EST) -- Two female former vice presidents of the American International Group Inc. financial unit that was embroiled in the subprime mortgage meltdown have accused AIG of illegally capping their pay; fostering a lewd, anti-woman atmosphere; and axing them for reporting the bias.
Former Vice Presidents Susan Potter and Deonna Taylor sued AIG and its subsidiary AIG Financial Products Corp. for age and sex discrimination and retaliation on Tuesday in the U.S. District Court for the District of Connecticut.
According to the complaint, AIG refused to raise the...
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.