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

  1. March 20, 2015

    Judge OKs $970M AIG Deal, With Firms Scoring $116M

    A New York federal judge signed off Friday on a $970.5 million class action deal to settle consolidated securities fraud claims against American International Group Inc. and green-lighted a $116 million legal fees award, the bulk of which will go to Barrack Rodos & Bacine and the Miller Law Firm PC.

  2. December 22, 2014

    Attys Seek $115M Fees As $960M AIG Deal Awaits Final OK

    Lead counsel for a group of Michigan pension systems in a consolidated securities class action against American International Group Inc. urged a New York federal judge on Monday to approve an award of $115 million in attorneys' fees, arguing that their work led to the massive $960 million settlement in the case.

  3. September 16, 2014

    Bernstein Litowitz Wants Later Opt-Out Deadline In AIG Deal

    A Bernstein Litowitz Berger & Grossman LLP attorney representing institutional investors against American International Group Inc. has asked a New York federal judge to extend the opt-out deadline until after the Supreme Court weighs in on whether a long-standing class action tolling provision should apply to certain securities suits.

  4. September 12, 2014

    PwC To Pay $10.5M As Part Of AIG Class Action Deal

    PricewaterhouseCoopers LLP will pay $10.5 million to settle claims in a consolidated securities class action targeting American International Group Inc. for allegedly misinterpreting the value of credit default swaps and costing investors billions, after AIG shelled out $960 million, according to documents filed in New York federal court on Friday.

  5. August 08, 2014

    Halliburton Heard Loud And Clear In AIG's $960M Settlement

    The first big impact of the Supreme Court's landmark Halliburton decision likely was felt earlier this month when American International Group Inc. said it would pay $960 million to settle a shareholder class action over how it represented its credit default swap business in the run-up to the financial crisis.

  6. August 04, 2014

    AIG Pays $960M To Settle Securities Fraud Class Action

    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 investors billions, the company said in a filing with the U.S. Securities and Exchange Commission on Monday.

  7. April 26, 2013

    AIG Gets Subprime Class Action Pared Down

    A New York federal judge on Friday threw out part of a putative class action alleging American International Group Inc. misled investors about its exposure to subprime mortgages ahead of the financial crisis.

  8. May 22, 2012

    Fraud Plaintiffs Can Use AIG Docs, Judge Rules

    A New York federal judge on Monday said American International Group Inc. has failed to demonstrate that certain documents it wanted to bar plaintiffs from using in a consolidated class action over fraud related to AIG's 2008 stock performance were privileged attorney-client work products.

  9. March 06, 2012

    Investors Accusing AIG Of Fraud Ordered To Reveal Sources

    Investors who brought a putative class action against American International Group Inc. and its executives must reveal the identities of three confidential witnesses whose testimony was crucial to their securities fraud suit, a New York federal judge ruled Tuesday.

  10. August 18, 2011

    AIG Says Securities Class Is Too Big To Certify

    American International Group Inc. contends in a motion filed Wednesday in New York court that the proposed class in a suit over AIG's 2008 near-collapse is much too large and should not be certified.