AIG Pays $960M To Settle Securities Fraud Class Action

By Kat Greene · August 4, 2014, 10:38 PM EDT

American International Group Inc. will shell out $960 million to settle a consolidated securities class action alleging the insurer misrepresented the value of credit default swaps between 2006 and 2008, costing...

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Case Information

Case Title

In re: American International Group, Inc. 2008 Securities Litigation

Case Number

1:08-cv-04772

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

May 21, 2008