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Settlement AIG

King & Spalding

Southern District of Ohio Finds Bank’s Settlement of Fraudulent Transfer Claim Uninsurable

King & Spalding on

On December 16, 2022, the U.S. District Court for the Southern District of Ohio held that a settlement of a fraudulent transfer suit was not covered under the settling defendant’s insurance policies. Huntington National Bank...more

Bilzin Sumberg

Bank of America’s $8.5 Billion Settlement Will Not Be Delayed by AIG

Bilzin Sumberg on

Late last month, a New York state judge denied AIG’s request to delay approval of Bank of America’s $8.5 billion settlement with private investors in connection with certain mortgage-backed securities that had soured. Bank of...more

Orrick - Finance 20/20

FSA Fines UBS £9.45 Million for Failings in AIG Fund Sales

Orrick - Finance 20/20 on

On February 12, the FSA published a final notice issued to UBS AG, setting out a fine of £9.45 million in respect of failings identified in its sale of the AIG Enhanced Variable Rate Fund (the Fund). Having reviewed sales of...more

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