AIG's Suit Against NY Fed Temporarily Halted

Law360, New York (February 26, 2013, 10:49 PM EST) -- A New York federal judge on Tuesday stayed American International Group Inc.’s suit against a Federal Reserve Bank of New York vehicle over whether it owns billions of dollars in tort claims against big banks that promoted residential mortgage-backed securities to the insurer.

U.S. District Judge Lewis A. Kaplan granted the vehicle Maiden Lane II LLC’s bid to stay the suit while another federal court in California rules on whether AIG has standing to bring a $10 billion fraud suit in that court accusing Bank of...
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