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American International Group ERISA Lawsuit



Participants of the American International Group, Inc. (AIG) 401(k) Savings Plan are investigating possible lawsuits against the company for violations of the Employee Retirement Income Security Act (ERISA). The investigation is related to the drop in value of AIG stock from November 10, 2006 to the present.

AIG ERISA Stock Fraud

AIG is alleged to have overstated its earnings and misled investors regarding the stability of its plans. In fact, AIG is accused of repeatedly reassuring people that its plans were secure even though AIG's CDS portfolio was suffering massive losses. Misleading investors about the security of a plan constitutes a failure to act in the best interest of plan members and is therefore a breach of fiduciary duty.

If you were a participant of the AIG Savings Plan, you may be eligible to join a lawsuit against the company. Contact a lawyer to discuss your legal options.


AIG Stock Fraud Legal Help

If you or a loved one has suffered damages in this case, please fill in our form on the right to send your complaint to a lawyer to evaluate your claim at no cost or obligation.

Maybe it's your stockbroker
Last updated July 25 2008

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