AIG Facing Possible Class-Action Lawsuit
May 15, 2006
Attorneys with Schiffrin & Barroway plan to file a class-action lawsuit in the United States District Court for the Eastern District of New York on behalf of investors who purchased shelf-space funds from American International Group's Advisor Group broker/dealers between June 30, 2000 and June 8, 2005.
During that period, regulators found, AIG received brokerage business in exchange for giving special treatment to mutual funds from 19 companies, including American Funds, Fidelity Investments and Van Kampen.
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