AIG Securities Litigation

On 4 August 2014, parties in the American International Group 2008 Securities Litigation agreed to a settlement of $970.5 million.  Plaintiffs had alleged that Defendants misrepresented the company’s condition, including exposure to credit default swaps, during the Class Period, 16 March 2006 to 16 September 2008.  Professor Steven Feinstein of Babson College and Crowninshield Financial Research conducted research and analysis, and testified about the efficiency of the markets for AIG’s common stock, preferred stock, and bonds.

 

Additional information is available here.