A.I.G. to Pay Nearly $1 Billion to Settle Class-Action Suit Brought by Shareholders
Shareholders of the insurance giant American International Group have won approval of a $970.5 million settlement resolving claims that they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. Judge Laura Taylor Swain of Federal District Court granted final approval at a hearing in Manhattan on Friday for what lawyers for the...
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