April 23, 2015
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 mortgage crisis, the plaintiffs said on Thursday in New York federal court.
March 31, 2011
A New York federal judge on Thursday largely left intact a consolidated class action against American International Group Inc. and others alleging that the insurer's employee pension plans improperly invested in its own poorly performing stock.