AIG Must Release Reports On Asset-Hiding Program, Judge Says

Law360, New York (April 16, 2012, 6:50 PM EDT) -- A Washington federal judge ruled Monday that American International Group Inc. and the U.S. Securities and Exchange Commission must release to the public reports detailing the insurer's efforts to help companies move bad assets off their balance sheets, a practice shut down in 2004.

The reports were compiled by an independent consultant charged with overseeing a 2004 agreement between the SEC and AIG, which the securities regulator had accused of trying to help public companies move troubled assets off their balance sheets in violation of accounting...
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.