Kuwait Investment Arm Drops Claims Against Ex-AIG Exec

Law360, New York (January 6, 2012, 4:39 PM EST) -- The Kuwait Investment Office on Friday voluntarily dropped its claims against a former executive at a American International Group Inc. subsidiary in a suit accusing AIG of misleading investors over its exposure to mortgage-backed securities and credit default swaps.

U.S. District Judge Laura Swain of New York federal court approved KIO's decision to dismiss without prejudice all claims against Thomas Athan, a former managing director at AIG Financial Products Corp.

KIO — which manages funds on behalf of the Kuwaiti government — has left intact its...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Kuwait Investment Office v. American International Group, Inc. et al


Case Number

1:11-cv-08403

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Laura Taylor Swain

Date Filed

November 17, 2011

Law Firms

Companies

Government Agencies

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.