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ERISA Lawsuit Filed Against American International Group Alleges Bid Rigging
Business Insurance;
Dec. 2, 2004
Excerpt: A lawsuit seeking class action status has been filed against American International Group Inc. for alleged violations of the Employee Retirement Income Security Act related to a loss of value of AIG stock caused by its alleged involvement in bid-rigging activities. The New York-based law firm of Wolf Popper L.L.P. filed the lawsuit ... in the U.S. District Court for the Southern District of New York on behalf of present and former employees of AIG participating in the company's[.]
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