Friday, April 07, 2006

AIG Class Action Lawsuit

Stull, Stull and Brody announce a class action lawsuit against AIG. (NYSE:AIG) They claim that during the class action time frame brokers representing AIG sold mutual funds that participated in a revenue sharing program. Advisors did not disclose the close relationships that existed and therefore an enormous conflict of interest existed. More info at www.ssbny.com. What is interesting is the long time frame of the class action June 30, 2000 to June 8, 2005.