NEW YORK, Dec. 10 2004 – LAWFUEL – First with law news — On December 7, 2004, American International Group (NYSE: AIG) filed with the SEC to sell $25.1 billion in
debt, stock and other securities. The Company is currently facing class
action lawsuits stemming from investigations by the New York Attorney General
into the Company’s payment of “contingent commissions” in return for steering
it business and shielding it from competition.
Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in
the United States District Court for the Southern District of New York, on
behalf of all persons who purchased or acquired the securities of American
International Group, Inc. (“AIG” or the “Company”) (NYSE: AIG) between October
28, 1999 and 10:58a.m, Eastern Standard Time on October 14, 2004, inclusive,
(the “Class Period”) against defendants AIG and certain officers and directors
of the Company.
Wolf Haldenstein has also been investigating the Cigna Corporation for its
payment of undisclosed and improper insurance commissions in relation to the
State of Connecticut’s Employee and Retiree Dental Benefits plan.
Wolf Haldenstein has been investigating additional claims that may be
brought by employees during the class period. For more information, please
visit our website at
http://www.whafh.com/modules/press_release/index.php?action=view&id=30 .
Wolf Haldenstein has extensive experience in the prosecution of securities
class actions and derivative litigation in state and federal trial and
appellate courts across the country. The firm has approximately 60 attorneys
in various practice areas; and offices in Chicago, New York City, San Diego,
and West Palm Beach. The reputation and expertise of this firm in shareholder
and other class litigation has been repeatedly recognized by the courts, which
have appointed it to major positions in complex securities multi-district and
consolidated litigation.
If you wish to discuss this action or have any questions, please contact
Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New
York 10016, by telephone at (800) 575-0735 (Mark C. Rifkin, Esq., Gustavo
Bruckner, Esq., Christopher S. Hinton, Esq., or Derek Behnke), via e-mail at
classmember@whafh.com or visit our website at http://www.whafh.com / or
http://www.whafh.com/modules/press_release/index.php?action=view&id=30.
Web Site: http://www.whafh.com
