Defendant Name: American International Group, Inc.

Defendant Type: Public Company
SIC Code: 6331
CUSIP: 02687410

Initial Case Details

Legal Case Name SEC v. American International Group, Inc.
First Document Date 09-Feb-2006
Initial Filing Format Civil Proceeding
Case Number 06-cv-01000
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
Sec 10(b) + Rule 10b-5
Rule 12b-20
Sec 13(a)
Rule 13a-1
Rule 13a-13
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Sec 13(b)(5)
Securities Act
Sec 17(a)(1)
Sec 17(a)(2)
Sec 17(a)(3)
Sec 17(a) (Not specified)
Rule 13b2-1 Exchange Act


First Resolution Date 17-Feb-2006
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

comp19560 09-Feb-2006 Complaint
In the Complaint, the SEC stated that: "In this case, the Commission alleges that from at least 2000 until 2005, AIG materially falsified its financial statements through a variety of sham transactions and entities who purpose was to paint a falsely rosy picture of AIG's financial results to analysts and investors. Among other things, AIG structured two sham reinsurance transactions with General Re Corporation ('Gen Re'). The purpose of the transactions was to add a total of $500 million in phony loss reserves to AIG's balance sheet in the fourth quarter of 2000 and the first quarter of 2001. The transactions were initiated by AIG to quell criticism by analysts concerning a reduction in AIG's loss reserves in the third quarter of 2000. The transactions had no economic substance, amounting to a round trip of cash, but they were designed to, and did, have a specific and false accounting effect."
court_doc5_06-cv-01000 17-Feb-2006 Court Docket Document
Final Judgment as to Defendant American International Group, Inc.
On February 16, 2006, Federal District Judge Loretta A. Preska entered final judgment against American International Group, Inc. pursuant to the consent of American International Group, Inc.
2009-115 19-May-2009 Press Release--Civil Action
SEC Announces $843 Million Fair Fund Distribution to Harmed AIG Investors
The SEC "announced that a federal court has approved the distribution of more than $843 million to harmed investors in the American International Group, Inc. from a Fair Fund that the SEC established after the company’s settlement of an SEC enforcement action for accounting fraud."

Related Actions:

SEC v. General Re Corporation
In the Matter of John Houldsworth, CA
In the Matter of Elizabeth Monrad, CPA
In the Matter of Robert D. Graham, Esq.
In the Matter of Howard I. Smith, CPA
SEC v. John Houldsworth and Richard Napier
SEC v. Maurice R. Greenberg and Howard I. Smith
SEC v. Richard Ferguson, Elizabeth Monrad, Christian Milton, Robert Graham and Christopher Garand