Goldman Sachs Group Inc. was sued by a Manhattan landlord who alleged the bank violated the terms of its rental agreement by failing to share profits from a sublease of the space to American International Group Inc. The lease for ...

Tagged with: AIG Goldman Sachs

American International Group, accused by rivals of shortchanging state workers’ compensation pools for 35 years, won dismissal of a lawsuit that sought to recover more than $1 billion for the alleged underpayment. A federal judge in Chicago on Thursday threw ...

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An appeals court threw out a judgment in a wrongful death settlement that would have reimbursed an insurance company, giving the company “a second bite at the apple,” according to the plaintiffs’ lawyer. In reaching its decision on jurisdictional grounds, ...

Tagged with: AIG Insurance Missouri Court of Appeals Eastern District reimbursement Subrogation

Maurice “Hank” Greenberg, who led American International Group Inc. for 38 years until his ouster amid state and federal accounting probes in 2005, will pay $15 million to settle U.S. claims he manipulated the insurer’s earnings. Greenberg, 84, and former ...

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American International Group investors will receive $843 million as part of a settlement of Securities and Exchange Commission claims the insurer, now under U.S. control, committed accounting fraud from 2000 to 2005. Checks will be mailed in the next few ...

Tagged with: accounting fraud AIG Sarbanes-Oxley Act U.S. Securities and Exchange Commission

American International Group, the company rescued four times by the U.S. government, is being probed by 50 state insurance regulators examining whether the firm violated rules governing workers’ compensation sales. The watchdogs may decide to fine New York-based AIG or ...

Tagged with: AIG American International Grou Beth Dwyer Insurance Rhode Island Workers' compensation

AIG paid Bryan Cave about $20 million to monitor its finances as part of a 2004 deal with the federal government, the Wall Street Journal reported Friday. James Cole, a partner in the firm's Washington office, attended top-level board-committee meetings and was responsible for offering general corporate oversight for the Securities and Exchange Commission, according to the report. Bryan Cave Chairman Don Lents told Missouri Lawyers Weekly in a phone call Friday afternoon that "we're not in a position to comment."

Tagged with: AIG Bryan Cave James Cole SEC

For all the righteous indignation at American International Group spewing from Capitol Hill last week, you would think Congress had played no role in creating this mess. All the screaming last week at AIG’s Chief Executive Officer Edward Liddy diverts ...

Tagged with: AIG Charles Rangel Edward Liddy Gary Ackerman

The law is full of technical twists that keep millions of lawyers well-paid. But the essence of contract law is simple. We agree that you will pay me to do a certain thing. Let’s say you promise to give me ...

Tagged with: AIG Andrew Cuomo bailout bonuses contract Wall Street

The world is full of victims of American International Group’s bad judgment, whether they know it or not. AIG’s push to market ever more exotic securities with ever decreasing attention to risk helped accelerate the economic tailspin felt around the ...

Tagged with: AIG bailout Ben Bernanke economy General Electric Hank Greenberg

As the new owner of $172.5 billion of preferred shares and warrants in 208 U.S. financial institutions, the Treasury Department hasn’t succeeded in thawing frozen credit markets, leaving taxpayers propping up an industry that won’t lend to them. While inter-bank ...

Tagged with: AIG Alan S. Blinder Congress credit markets Henry Paulson Jeffrey Garten JPMorgan Chase & Co. TARP Treasury Department Wells Fargo & Co.