AIG sues Maiden Lane II, asking a judge to declare the insurer did not transfer "litigation...
AIG sues Maiden Lane II, asking a judge to declare the insurer did not transfer "litigation claims" to the vehicle when it sold it billions in MBS to it during the financial crisis. At issue: Like everybody else, AIG has sued Bank of America (BAC) to recoup losses on bad mortgage paper. The FRBNY - which already got its own settlement from BofA - is of the opinion AIG lost its right to sue when it sold the securities to Maiden Lane.
From other sites
at Benzinga.com (Feb 28, 2015)
at CNBC.com (Feb 27, 2015)
at Investor's Business Daily (Feb 24, 2015)
at CNBC.com (Jan 29, 2015)
at MarketWatch.com (Jan 14, 2015)
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