In RE: AIG

CONCLUDED

Hearing
01/25/11 – 01/25/11

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Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

CVN covered a previous hearing concerning a motion by 3rd party defendants Gen Re Corporation seeking dismissal of underlying litigation.

In this suit, stockholder plaintiffs seek to recover funds to make American International Group, Inc. (AIG) whole for the harm it suffered when it was revealed that the corporation¬ís financial statements were materially misleading. Also, these statements overstated the value of the corporation by billions of dollars, and plaintiffs aver these discrepancies were the consequence of intentional misconduct by AIG’s top executives.

Plaintiff Teachers Retirement System of Louisiana was represented by attorney Stuart Grant.

Sessions

Recording Disclaimer: This proceeding was recorded in full.

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