High Yield Times

27 Mar 2009

AIG Directors Face Class Action

Activist group Freedom Watch said shareholders of American International Group (AIG) have filed a class action lawsuit intended to force directors of the group to pay themselves pay back the "bonuses, dividends and other perks" paid to themselves and other officials. The lawsuit also seeks to recover the losses of shareholders.
(MarketWatch)

This should be fun! Will be costly all round but should wipe the smiles off the faces of those incompetent and greedy executives.

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