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Violation Tracker Individual Record

Company: American International Group
Current Parent Company: American International Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current 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.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.