The settlement resolves allegations of AIG’s wide-ranging fraud from October 1999 to April 2005 involving anti-competitive market division, accounting violations and stock price manipulation, and brings total expected recovery for AIG
(Reuters) - The U.S. government cut its stake in American International Group Inc to about 21.5 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its end. The …
NEW YORK (Ben Berkowitz and Clare Baldwin) - American International Group and the Treasury on Wednesday said they will sell around $9 billion in AIG stock, but sources familiar with the situation said the Treasury would pull the sale …
Q: How can my AIG stock aig go from less than $2 a share to nearly $15 a share, and I still didn't make any money? Is this possible? A: It's strange, but true. You've lost money on AIG even though the share price has risen. The reason? …
NEW YORK — American International Group, the world's largest insurer by assets, has sued Maurice Greenberg, its former chief executive, accusing him of having "misappropriated" AIG shares worth $20 billion. AIG asserts that …
It’s that the AIG lawsuit, while breaking new ground in chutzpah ... unloaded $278 million worth of company stock in 2010; it presumably would have been worth nothing if the government had let the firm declare bankruptcy and the global …
Paul Smalera asks -- but, sadly, doesn't answer -- the big question surrounding AIG's bonus compensation: why on earth are the company's executives specifically asking for it to be paid in worthless AIG stock, when they already got …
It was American International Group accounting change blunders in 2005 that hurt the company's stock, not any misdeeds on his part, AIG's ousted chairman and chief executive officer, Maurice Greenberg, argues in new court …
WASHINGTON -- The Treasury Department said Wednesday it is selling $6 billion worth of the $41.8 billion in common stock it holds in insurance giant American International Group Inc., which received the biggest bailout of the …