Violation Tracker Individual Record

Company: 
American International Group
Current Parent Company: 
American International Group
Penalty: 
$725,000,000
Year: 
2010
Date: 
July 16, 2010
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The Ohio Attorney General announed a $725 million settlement with American International Group in a securities class action brought on behalf of three Ohio state pension funds and other investors.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Ohio Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Ohio
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source of Data: 

Cordray Secures Record Settlement with AIG, Targeted News Service, July 16, 2010 (via Nexis).

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.