Ill. Pension Fund Slaps AIG With Securities Fraud Suit

By Stewart Bishop ( May 21, 2013, 5:41 PM EDT) -- An Illinois pension fund on Friday sued American International Group Inc. and current and former executives in New York federal court, saying the insurer schemed to artificially inflate the value of its securities while concealing a risky portfolio that led to a 97 percent drop in AIG's stock price....

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