Franklin U.S. Rising Dividends v. American International Group

  1. April 01, 2015

    2nd Circ. Revives AIG Investors' $60M Stock-Drop Suit

    The Second Circuit Court of Appeals on Wednesday revived a $60 million stock-drop suit accusing American International Group Inc. of multiple fraud schemes, saying that a district court erred when it abruptly tossed the suit without notifying the plaintiffs in advance.

  2. March 23, 2015

    Funds Tell 2nd Circ. $60M AIG Case Tossed Prematurely

    A group of investment funds on Monday urged the Second Circuit to revive a $60 million stock-drop suit against American International Group Inc. over multiple alleged fraud schemes, saying a judge had abruptly tossed the case without argument or even a formal motion.