US - The American International Group (AIG) has agreed to pay US$8m to settle a lawsuit launched by the Oregon Public Employees Retirement System (PERS), which accused the insurer of poor disclosure and bid-rigging.
The initial complaint said the pension fund lost around $15m because shares of the company were inflated in value between 2000 and 2005. PERS argued the too-high price was caused because the compan...
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