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General Electric Pension Trust et al v. American International Group, Inc.
Case Number:
1:15-cv-00957
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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September 23, 2015
AIG, GE Reach Agreement To End Securities Suit
American International Group Inc. and a group of General Electric Inc. pension and investment funds have agreed to end the funds' New York federal court suit alleging that the insurance giant lied about the health of its mortgage-backed securities even as the housing market crumbled.
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February 12, 2015
Rejecting $960M Deal, GE Sues AIG For Securities Fraud
General Electric Inc.'s pension and investment funds hit American International Group Inc. with a lawsuit in New York federal court this week, reviving allegations from a class suit settled last year that the insurance giant lied to investors about the exposure of billions worth of mortgage-backed transactions even while the housing market crumbled.