AIG to pay $800m to damaged investors
The Securities and Exchange Commission, the US regulator, has said that a federal court has approved the distribution of more than $843m to harmed investors in the American International Group, Inc. from a Fair Fund that the SEC established after the company's settlement of an SEC enforcement action for accounting fraud.
The AIG Fair Fund's court-appointed distribution agent estimates that checks will be mailed to more than 257,000 affected AIG investors within the next few months. In the Fair Funds provisions ofOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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