AIG Unit Can't Shake Investment Adviser Contract Suit

Law360, New York (June 10, 2011, 6:08 PM EDT) -- A federal judge in Virginia on Friday refused to toss a suit brought by investment adviser Scott & Stringfellow LLC over an American International Group Inc. unit's alleged failure to pay a contractually mandated fee on a $400 million municipal asset sale.

U.S. District Judge Henry Hudson denied AIG Commercial Equipment Finance Inc.'s motion for summary judgment in a one-paragraph order.

Scott & Stringfellow alleged in an amended complaint in January that AIGCEF wrongfully refused to pay it an agreed-upon 1 percent fee for helping the...
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