NU Online News Service, June 17, 12:15 p.m. EDT
The U.S. Securities and Exchange Commission has ended its investigation of American International Group Inc. (AIG) and Joseph Cassano, former head of the company's Financial Products unit.
No charges were filed.
"We are pleased that the commission, like [the U.S. Department of Justice], has decided to close its inquiry, which is completely appropriate in light of the facts," said F. Joseph Warin and Jim Walden, attorneys for Mr. Cassano from the firm Gibson Dunn & Crutcher.
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