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Summary: As bonus season arrives in biglaw, many lawyers are seeing their bonus amounts return to levels seen in previous years. Lawyers at big law firms are once again receiving massive annual bonuses if they have worked long hours on litigation…>read moreNo Comment December 4, 2014
Summary: It is quite possible that Maurice ‘Hank’ Greenberg could win the lawsuit he filed against the government for bailing out his firm, according to Bloomberg. It is quite possible that Maurice ‘Hank’ Greenberg could win the lawsuit he filed against…>read moreNo Comment November 6, 2014
Summary: A lawsuit filed against the U.S. government over the bailout of AIG will go to trial, which begins on Monday. On Monday, a trial will begin that will decide if the rescue of American International Group Inc by the United…>read moreNo Comment September 29, 2014
The profit for Bank of America dropped by 43 percent in the second-quarter, mostly because of a large legal expense that overshadowed other positive results for the bank, according to The New York Times. The bank had profits of $2.3…>read moreNo Comment July 16, 2014
For successful corporate attorneys in top U.S. cities, the differences in work patterns between corporate departments and law firms have almost ceased to exist, though earning patterns continue to vary. Those who have embraced the change are able to shift…>read moreNo Comment July 10, 2014
American International Group Inc. or AIG is the multinational insurance corporation. The company is a provider of property casualty insurance, life insurance and retirement services, and mortgage insurance. New York City based corporate, AIG, has repaid the $180 billion bailout…>read moreNo Comment February 14, 2014
The largest underwriter of commercial and industrial insurance in the United States, AIG seeks to delay an $8.5 billion settlement between Bank of America and a group of 22 mortgage securities investors. Bank of America Corp.’s settlement will be delayed…>read moreNo Comment February 6, 2014
The two insurance giants American International Group Inc. and Berkshire Hathaway Inc. are blocking, striking and parrying in the talent market as Warren Buffet’s Berkshire moves into AIG’s market. Berkshire aggressed by hiring four senior AIG executives familiar with the…>read moreNo Comment September 13, 2013
In their civil suit against former American International Group CEO Maurice Greenberg, the office of the New York Attorney General is dropping a claim for damages. The decision was made to expedite the suit against Greenberg, who is being charged…>read more1 Comment April 26, 2013
A federal judge awarded class-action status to two groups of American Group Inc shareholders on Monday, according to Reuters. The status was granted in the $25 billion lawsuit by former Chief Executive Maurice Greenberg regarding losses caused by the bailout…>read moreNo Comment March 12, 2013
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