Latest Personal Injury Law News

AIG settles 2008 lawsuit for $960M
Tuesday August 05th 2014, 4:12 am Filed under Shareholder lawsuit

AIG (NYSE: AIG ) has agreed to settle a shareholder lawsuit for $960M. which was filed in 2008 shortly after the insurance group’s value collapsed due to the tremendous losses sustained from its insurance written on mortgage securities. The settlement was disclosed as AIG reported Q2 net income of $3.1B, compared with $2.7B in the same period a year earlier. 1 comment! [News Source]