AIG To Pay $40M In Pension Plan Class Action Settlement

By Michael Lipkin · April 23, 2015, 6:17 PM EDT

American International Group Inc. will pay $40 million to settle proposed class action allegations that the insurer's employee pension plans improperly invested in its own poorly performing stock following the 2008...

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Case Information

Case Title

IN RE AMERICAN INTERNATIONAL GROUP, INC. ERISA LITIGATION II

Case Number

1:08-cv-05722

Court

New York Southern

Nature of Suit

Labor: E.R.I.S.A.

Date Filed

June 25, 2008