hank Greenberg

Legal Briefing: AIG to Pay $725 Million Fraud Settlement, Eventually

In the settlement of a lawsuit that predates the financial meltdown, AIG has agreed to pay shareholders $725 million for years of fraudulent practices that led to investors loosing money on the stock. But they only get $175 million up front. The rest, they may wind up getting in shares of AIG.

The mysterious rise of AIG

There is no reason under heaven that AIG (AIG) should be up from $33 on Wednesday to over $50 today. At least it has sold off a bit in the afternoon.

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Who gets blamed for AIG?

Who gets blamed for the failure of AIG (AIG)? How far back does the responsibility go? One year? Five? Ten?

Is Sandy Weill to blame for Citigroup's (...