The following was released today by Cotchett, Pitre, Simon & McCarthy: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York, on behalf of all persons who purchased securities of American International Group, Inc. (“AIG”) between October 1, 1999 and March 30, 2005 (the “Class Period”). Plaintiff’s Complaint alleges causes of action under Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934. Plaintiff alleges that defendants made false statements and concealed material information concerning AIG’s financial condition and accounting practices relating to, among other items, non-traditional insurance products, assumed reinsurance transactions, and use of affiliated entities for executive compensation…..
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