AIG to pay $960M to settle shareholder lawsuits

Published August 4, 2014 11:55pm ET



NEW YORK (AP) — American International Group Inc. said Monday it has agreed to pay $960 million to settle shareholder claims that the company misled investors.

The settlement stems from several class-action lawsuits claiming that AIG executives gave false and misleading information about the insurer’s health, including its exposure to the risky home loans that triggered the mortgage crisis.

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