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August 5, 2014
06:15 EDTAIGAIG agrees to $960M settlement in lawsuit over allegedly misleading investors
On July 15, the parties accepted a mediatorís proposal to settle the Consolidated 2008 Securities Litigation for a cash payment by AIG of $960M. As part of the mediator's proposal accepted by the parties, the parties have also agreed that the mediator will retain authority to resolve any disputes, if they arise, with respect to the finalization of the settlement documentation. The settlement remains subject to completion of definitive settlement documentation, notice to the class, and approval by the Court. The settlement amount has been accrued. Comments taken from a company filing.
News For AIG From The Last 14 Days
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October 20, 2014
06:38 EDTAIGAIG upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.
October 17, 2014
08:14 EDTAIGAIG unlikely to be forced to indemnify government, says Bernstein
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