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.