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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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March 20, 2015
18:12 EDTAIGU.S. Court approves AIG investors' $970.5M settlement, Reuters reports
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07:46 EDTAIGAllstate, AIG, others questioned by regulator over pricing method, WSJ says
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March 16, 2015
08:26 EDTAIGAIG to acquire controlling stake in NSM Insurance
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08:25 EDTAIGAIG acquires controlling interest in NSM Insurance Group
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