LOS ANGELES A federal judge ruled on May 6 that American International Group Inc. hadn’t relinquished $7.3 billion in claims against Bank of America Corp. during its 2008 government bailout.
U.S. District Judge Mariana Pfaelzer ruled that AIG had standing to sue over mortgage-backed securities it transferred to Maiden Lane II LLC, a special-purpose vehicle created by the Federal Reserve Bank of New York as part of AIG’s $182 billion rescue.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
