We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

AIG Can't Ditch Pension Plan Action

Law360 (March 31, 2011, 7:32 PM EDT) -- A New York federal judge on Thursday largely left intact a consolidated class action against American International Group Inc. and others alleging that the insurer's employee pension plans improperly invested in its own poorly performing stock.

In an order, Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York trimmed claims from the case, but advanced the bulk of the plaintiffs’ allegations, which target AIG, company directors, retirement board members and investment committee members.

The class action, consolidated in 2009,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.