Showing posts with label AIG Says It Was Victim Of Wall Street's Worst Behaviors. Show all posts
Showing posts with label AIG Says It Was Victim Of Wall Street's Worst Behaviors. Show all posts

Friday, April 29, 2011

AIG Says It Was Victim Of Wall Street's Worst Behaviors In New Lawsuit

Two and a half years after first being bailed out by the federal government, insurance giant AIG has officially begun to place blame on companies it alleges profited at AIG's expense.

In a new lawsuit, AIG is seeking to recoup "potentially billions of dollars" from Wall Street giants, including Bank of America and Goldman Sachs, according to The New York Times. As part of that larger effort, AIG is first seeking $350 million from ICP Asset Management and some of the accompanying profits from Moore Capital.