X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

American International Group Inc. may file a lawsuit against Morgan Stanley related to $3.7 billion worth of mortgage securities that the investment bank sponsored or underwrote from 2005 to 2007, and which AIG purchased, according to a regulatory filing on Monday.

AIG has terminated a “tolling agreement” with Morgan Stanley, which allowed the companies to try to settle their dispute out of court. The termination will be effective Thursday, according to Morgan Stanley’s 10-Q filing with theU.S. Securities and Exchange Commission.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.