American International Group Inc.
In November 2008, Siskinds LLP filed a $550 million class action under Ontario's new investor protection legislation (Part XXIII.1 of the Ontario Securities Act) against American International Group, Inc. ("AIG"), AIG Financial Products Corp. ("AIGFP"), and various current and former directors and officers of AIG and AIGFP.
The AIG class action arises out of AIGFP's credit default swaps and the crippling decline in AIG's stock price when the true effect of those credit default swaps became known to the investing public. The AIG disclosures out of which the class action arises are currently the subject of investigation by law enforcement authorities, and are alleged in the class action to have caused massive losses to Canadian investors. The AIG class action is brought on behalf of all persons and entities resident in Canada who acquired AIG securities during the period from March 16, 2006 to and including September 16, 2008 (the “class period”).
If you purchased AIG securities during the class period, please complete the online information form. Your information will be held in strict confidence. By completing the form, you are not retaining Siskinds, nor do you incur any obligations in connection with this lawsuit. For further information concerning this action, please contact Nicole Young at 1 (800) 461-6166 ext. 2380 or e-mail Nicole by clicking on the Contact Us link below. Updates concerning this action will be posted above.
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