In a brief announcement American International Group said it intends “to seek a prompt resolution of outstanding issues with the Securities and Exchange Commission [See IJ Website Oct. 5 for details] and the United States Department of Justice [See IJ Website Oct. 21 for details].”
AIG said it has “instructed its counsel to resolve the matters by reaching a prompt settlement in terms satisfactory to the Government and the company.”
The bulletin made no mention of any settlement prospects concerning the ongoing investigations by New York’s Attorney General Eliot Spitzer into allegations concerning bid-rigging and contingent commissions.
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
The Villages Health Agrees to Pay $542M for Medicare Advantage Overbilling 
As AI Agents Go Rogue, Cyber Insurers Are Adapting Their Policies 
OpenAI Report Says Its Network Was Hacked by Its Own Rogue AI Agents 
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
