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(Image from article: "AIG starts makeover, changes sign at N.Y. office")

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AIG Agrees to $725 Million Settlement of Securities Suit

American International Group Inc. agreed to pay $725 million to settle a long-running securities lawsuit alleging that the company several years ago engaged in insurance bid-rigging and inflated its stock price and insurance reserves.

Senh: If AIG were engaged in securities fraud and manipulating its stock price, shouldn't the execs be in jail? This just sounds like they paid their way out of prison. Martha Stewart got jail time for insider trading that amounted to a difference of just tens of thousands of dollars, AIG probably defrauded investors out of billions.

 

Congress to AIG: We'll trust, but verify

Members of the House Oversight Committee lash out against the bailed out insurer, as it cautiously presents its restructuring plan.

 

AIG crisis could be tip of an insurance iceberg

The company's situation reflects problems throughout the life insurance industry as investments suffer. Further strain could bring about a second financial crisis.

 

AIG employee quits at 'betrayal'

A top executive at troubled insurer AIG publicly resigns and says he will donate his entire bonus to charity.

 

$50 Million in A.I.G. Bonuses to Be Repaid

$50 Million in A.I.G. Bonuses to Be Repaid

Attorney General Andrew M. Cuomo of New York said 15 of the top 20 bonus recipients in A.I.G.’s financial products division had returned their bonuses.

 

AIG starts makeover, changes sign at N.Y. office

AIG starts makeover, changes sign at N.Y. office

Workmen rolled up their sleeves at American International Group Inc this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer.

 

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