Defendant Name:
American International Group, Inc.
Defendant Type:
Public Company
Document Reference:
2009-115
Document Details
Legal Case Name
SEC v. American International Group, Inc.
Document Name
SEC Announces $843 Million Fair Fund Distribution to Harmed AIG Investors
Document Date
19-May-2009
Document Format
Civil Proceeding
Case Number
06-cv-01000
Federal District Court
New York, Southern District of New York
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
None Specified
Fair Funds
Monetary Penalties:
Disgorgement
Individual:
$700,000,000.00
Shared:
Civil Penalty
Individual:
$100,000,000.00
Shared:
Total Penalty
Individual:
$800,000,000.00
Shared:
