AIG Must Defend in Shareholder Action

Earlier today, U.S. District Judge Laura Taylor Swain refused to dismiss a class-action lawsuit against American International Group Inc (AIG).    The judge wrote in her opinion that "construing the allegations in the complaint in the light most favorable to plaintiffs, the court concludes that plaintiffs have satisfied their burden of alleging facts giving rise to a strong inference of fraudulent intent" allowing the suit go forward. A … [Read more...]