Concerns rise over AIG’s $725mn Ohio settlement
Doubts were cast last month over American International Group (AIG)'s ability to fund the bulk of its recent $725mn Ohio pension funds settlement by selling new common shares.
July's settlement appeared to bring close the long-running securities litigation.
Under the terms of the deal, AIG must pay $175mn into escrow within 10 days of a judge issuing preliminary approval of the settlement, while the remaining $550mn obligation depends on its ability to raise the cash by selling new common shares...
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