Monday, January 16, 2006

 

AIG Near Settlement with SEC, Source Says

American International Group Inc. is close to settling state and federal investigations for more than $1 billion, a person familiar with the negotiations said.

A deal with the Securities and Exchange Commission and New York state Attorney General Eliot L. Spitzer would settle allegations that the insurance giant manipulated its books to fool investors and violated state insurance laws.

AIG Near Settlement with SEC, Source Says
Source: Washington Post

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