BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
American International Group Inc. announced in a recent SEC filing it has agreed to a mediator's proposal to settle for $960 million a consolidated class-action lawsuit regarding the firm's role in the 2008 financial crisis.
The lawsuit, which the U.S. District Court in New York consolidated from eight separate class-action lawsuits in March 2009, was led by the $54.8 billion State of Michigan Retirement Systems and accused AIG of securities fraud.
The Lansing, Michigan-based pension fund was lead plaintiff representing investors in “publicly issued common stock, corporate units, bonds, subordinated debentures and notes of AIG from March 16, 2006, through Sept. 16, 2008,” said a news release from The Miller Law Firm, lead counsel for the Michigan Retirement Systems.
The settlement was reached through mediation sessions through retired U.S. District Judge Layn Phillips.
E. Powell Miller, CEO of The Miller Law Firm, did not immediately return a phone call seeking further information.
Rob Kozlowski writes for Pensions & Investments, a sister publication of Business Insurance.
American International Group Inc. has completed the sale of aircraft leasing company International Lease Finance Corp. to AerCap Holdings N.V. in a cash and stock deal worth about $7.6 billion, AIG announced Wednesday.