January 31, 2014
by Samuel Franklin
A New York state judge on Friday approved an $8.5 billion settlement between Bank of America (BOA) and almost two dozen mortgage securities investors, holding that the 2011 agreement was reached in good faith. In a 54-page ruling, New York State Supreme Court Justice Barbara Kapnick found that BNY ...[read more]
April 11, 2013
by Addison Morris
A judge for the US District Court for the Southern District of New York on Wednesday approved the $115 million settlement between American International Group Inc. (AIG) shareholders and the company's former CEO and other executives in order to resolve allegations that the insurer misled investors ...[read more]
March 19, 2011
by Dwyer Arce
On March 19, 2009, the US House of Representatives voted 328-93 to pass a bill that would have taxed bonuses given to employees of companies that received money from government stimulus programs at 90 percent. The bill was drafted and voted on in reaction to large bonus payments made in the ...[read more]
September 28, 2010
by Carrie Schimizzi
A judge for the US District Court for the Southern District of New York on Monday ruled that a securities fraud class-action lawsuit against American International Group (AIG) can move forward. Judge Taylor Swain refused to dismiss the suit, which is led by the State of Michigan Retirement ...[read more]
May 23, 2010
by Sarah Miley
The US Department of Justice (DOJ) has decided not to file charges against former American International Group (AIG) executive Joseph Cassano, according to prosecutors from the US Securities and Exchange Commission (SEC) on Saturday. The decision appears to end a two-year criminal investigation ...[read more]
October 23, 2009
by Brian Jackson
The US Treasury Department on Thursday released a series of rulings that would restrict executive compensation at institutions that received special assistance from the Troubled Asset Relief Program (TARP). Among the changes are a cash cap on compensation of $500,000 per year for most relevant ...[read more]
August 6, 2009
by Christian Ehret
Former American International Group (AIG) executives on Thursday agreed to settle a suit brought by the US Securities and Exchange Commission (SEC) alleging their involvement in inflating the company's reported financial records. The SEC accused former CEO Maurice Greenberg and former CFO Howard... ...[read more]
March 20, 2009
by Andrew Gilmore
The US House of Representatives passed a bill Thursday that would tax bonuses given to employees of companies that received money from government stimulus programs at 90 percent. The bill, which was passed by a vote of 328-93, was drafted and voted on in reaction to large bonus payments made in ...[read more]
October 16, 2008
by Andrew Gilmore
US insurance giant American International Group (AIG) is lobbying state governments to relax strict, recently enacted rules designed to provide greater oversight of the mortgage lending industry, the Wall Street Journal reported Thursday. The rules are contained in the S.A.F.E. Mortgage Licensing ...[read more]
October 8, 2008
by Andrew Gilmore
The US Securities and Exchange Commission (SEC) said Tuesday that it has begun an agency review of US financial accounting procedures, including mark-to-market rules, pursuant to the recently-passed $700 billion financial rescue bill. The SEC statement coincided with the testimony Tuesd... ...[read more]

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