Friday, January 13, 2006
AIG to pay over $1 bln to settle probe: report
American International Group Inc. is expected to pay more than $1 billion to settle civil investigations by state and federal authorities into an accounting scandal, the Wall Street Journal said on Friday, citing people familiar with the matter.
New York Attorney General Eliot Spitzer and the New York State Insurance Department last year filed a civil suit against the insurance company and former Chief Executive Maurice "Hank" Greenberg, charging it with misleading investors by using improper accounting.
AIG to pay over $1 bln to settle probe: report
Source: Metronews.ca
New York Attorney General Eliot Spitzer and the New York State Insurance Department last year filed a civil suit against the insurance company and former Chief Executive Maurice "Hank" Greenberg, charging it with misleading investors by using improper accounting.
AIG to pay over $1 bln to settle probe: report
Source: Metronews.ca
Permalink posted by armandn @ 7:29 AM 
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