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AIG

Lawsuit Heads to Trial Over Government Bailout of AIG

Lawsuit Heads to Trial Over Government Bailout of AIG 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 more

No Comment September 29, 2014

Drop of 43 Percent in Earnings for Bank of America in Second-Quarter

Drop of 43 Percent in Earnings for Bank of America in Second-Quarter 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 more

No Comment July 16, 2014

How is New York City for In-House Corporate Attorney Jobs?

How is New York City for In-House Corporate Attorney Jobs? 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 more

No Comment July 10, 2014

$1.98 Billion Profit, AIG Reports

$1.98 Billion Profit, AIG Reports 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 more

No Comment February 14, 2014

AIG Seeks to Delay $8.5 Billion Settlement

AIG Seeks to Delay $8.5 Billion Settlement 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 more

No Comment February 6, 2014

Berkshire and AIG Go Head to Head

Berkshire and AIG Go Head to Head 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 more

No Comment September 13, 2013

New York Drops Damages Claim In Suit Against Former AIG Chief Maurice Greenberg

New York Drops Damages Claim In Suit Against Former AIG Chief Maurice Greenberg 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 more

1 Comment April 26, 2013

Class-Action Status Granted to AIG Shareholders

Class-Action Status Granted to AIG Shareholders 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 more

No Comment March 12, 2013

AIG Decides Not to Sue the Government Who Bailed Them Out

AIG Decides Not to Sue the Government Who Bailed Them Out Until today, A.I.G. was in a difficult spot, at the point of uncertainty, whether or not to join a suit against the very government that had so graciously bailed them out. In 2008, A.I.G. was faced with either bankruptcy or…>read more

No Comment January 9, 2013

NY Federal Reserve Wins Lawsuit Filed by AIG’s Greenberg

NY Federal Reserve Wins Lawsuit Filed by AIG’s Greenberg United States District Judge Paul Engelmayer dismissed the lawsuit filed by Maurice Greenberg that accused the Federal Reserve Bank of New York for unlawfully bailing out American International Group Inc during the financial crisis of 2008. The lawsuit was for…>read more

1 Comment November 19, 2012

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Job of the Day
Litigation Paralegal (Commercial / Complex Business)
USA-FL-Tampa

Downtown Tampa law firm specializing in corporate bankruptcy, reorganization and complex business litigation, is seeking a litigation paralegal with 5 years minimum experience. A background in co...