Lavastone Capital LLC v. Coventry First LLC et al

  1. February 29, 2016

    AIG, Coventry Reach Post-Trial Deal In $2B Racketeering Row

    An AIG affiliate told a New York federal court on Monday that it had reached a settlement with Coventry First LLC, from which it had sought a $2 billion judgment over an alleged scheme to inflate the prices of hundreds of life insurance policies.

  2. October 26, 2015

    AIG Demands $2B From Coventry As Racketeering Trial Ends

    An attorney for AIG urged a New York federal judge on Monday to hit Coventry First with a $2 billion judgment over an alleged scheme to inflate the price of hundreds of life insurance policies, wrapping up a bench trial on racketeering and fraud claims.

  3. October 14, 2015

    Coventry Boss Insists AIG Was Not His 'Business Partner'

    Coventry First LLC executive Reid Buerger sought Wednesday to downplay the nature of his business relationship with AIG as the insurance giant pressed its $2 billion racketeering and breach of fiduciary case against the life policy seller at a New York bench trial that was slowly winding toward a conclusion.

  4. August 28, 2015

    Ex-AIG Exec Takes Stand In $2B Coventry Racketeering Trial

    American International Group Inc.'s former head of risk management said Friday he was "stunned" to hear allegations that life policy seller Coventry First LLC systematically overcharged the insurance giant, but Coventry sought to dispel AIG's $2 billion racketeering case by portraying him as part of a loose operational culture that tolerated departures from contractual rigors.

  5. August 27, 2015

    AIG Likens Coventry Trio To Mafia At $2B Racketeering Trial

    Counsel for American International Group Inc. unit Lavastone Capital LLC likened the family operators of life policy seller Coventry First LLC to mobsters Wednesday at the start of a civil racketeering trial in which the insurance giant is asking for more than $2 billion in payment, damages and interest from allegedly illegal overcharges.