Search Results for: AIG

The New York Times reported Friday that documents for a transaction at the center of a wide-ranging probe into American International Group Inc. were doctored two months after the deal was made. The deal was reportedly "repapered"...

Leading Thursday's corporations and securities law news, Pfizer Inc. announced the suspension of its sales of arthritis drug Bextra . The move came after US and European drug regultors told the world's largest drug maker that...

Over a dozen insurance companies, including AIG and Chubb Corp. , have pulled their support for establishing a $140 billion federal trust fund to pay claims arising from asbestos-related lawsuits. The move makes it unlikely that...

Leading Monday's corporations and securities law news, Fannie Mae regulator the Office of Federal Housing Enterprise Oversight (OFHEO) , has announced it is investigating Fannie's use of trusts which it set up to sell securities. Specifically,...

Leading Friday's corporations and securities law news, the FBI has announced it has started an investigation into auto supplier, Delphi Corp. , over improper accounting at the firm. Delphi, which had launched an internal investigation into...

Leading Wednesday's corporations and securities law news, American International Group Inc. (AIG) announced it will delay its SEC filing of its quarterly results and also that it had found documentation of illegal transactions with General Re Corp,...

Peter Henning, Wayne State University Law School:"With all the turmoil swirling around American International Group Inc., I wonder whether the company will become the new poster-child for corporate misconduct. An insurance company is built on trust, that the money given...

Leading Tuesday's corporations and securities law news, the Wall Street Journal is reporting that regulators have called Warren Buffett to answer questions next month about his involvement in the insurance transaction between General Re Corp....

Leading Monday's corporations and securities law news, the Wall Street Journal is reporting that the SEC has subpoenaed twelve executives at American International Group Inc. (AIG) . The subpoenas relate to several probes into questionable transactions...

Peter Henning, Wayne State University Law School:"An article in the Wall Street Journal...states that two senior American International Group Inc. executives -- Howard Smith, the company's CFO, and Christian Milton, a vice president -- have been fired because they indicated...