AIG taken to court in Canada, alleging company misled investors
(BESTWIRE) A C$550m ($450m) lawsuit filed in Canadian courts charges that American International Group Inc. and many of its senior officials misled investors about the safety of some of its credit market activities for two years.
The proposed class-action suit was filed in Ontario Superior Court of Justice in Kitchener, and claims AIG repeatedly violated the Ontario Securities Act by issuing documents and in statements made by
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