May 07, 2013
A California federal judge on Monday said American International Group Inc. can move forward with its $10.5 billion lawsuit accusing Bank of America Corp.'s Countrywide Financial Corp. of lying about the quality of residential mortgage-backed securities it sold to the insurer, tossing Bank of America's jurisdictional challenge.
March 29, 2013
American International Group Inc. strengthened its $10 billion mortgage-backed securities suit against Bank of America Corp. when a federal banking regulator backpedaled in testimony released Thursday on earlier statements that AIG had surrendered its litigation rights during its massive government bailout.
January 29, 2013
Bank of America Corp. asked a California federal judge Tuesday to throw out American International Group Inc.'s $10.5 billion lawsuit accusing the bank of lying about the quality of mortgage-backed securities it sold the insurer, saying the terms of AIG's 2008 federal government bailout barred its securities law claims.
August 09, 2012
Bank of America Corp. on Wednesday sought to dismantle American International Group Inc.'s remaining allegations of deception in multidistrict litigation involving $10.5 billion in alleged losses on mortgage-backed securities, saying the company's case rests on a shabby analysis that doesn't demonstrate wrongdoing.
May 23, 2012
A California federal judge on Wednesday tossed American International Group Inc.'s federal claims in its $10.5 billion suit over deteriorated underwriting standards at Bank of America Corp. unit Countrywide Financial Corp., agreeing with BofA that those claims have come too late.
May 14, 2012
Bank of America Corp. on Monday urged a California federal judge to dismiss American International Group Inc.'s $10.5 billion lawsuit accusing the bank's Countrywide Financial Corp. of ignoring residential mortgage-backed securities underwriting standards, arguing federal claims against Countrywide are time-barred.