Violation Tracker Individual Record
Company:
American International Group Inc.
Current Parent Company:
American International Group
Penalty:
$8,000,000
Year:
2010
Date:
February 25, 2010
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Secondary Offense:
price-fixing or anti-competitive practices
Violation Description:
AIG agreed to pay $8 million to settle allegations that investment losses expeirnced by Oregon's public pension funds were attributable to a pattern of poor disclosure and bid-rigging by AIG.
Level of Government:
state
Action Type:
agency action
Agency:
Oregon Attorney General
Civil or Criminal Case:
civil
Facility State:
Oregon
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 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.
