Freedom Watch Files Lawsuit Against AIG

Freedom Watch, a group that claims to be dedicated to keeping America free from crooked business practices, has filed a lawsuit against American International Group. The lawsuit was filed on behalf of the AIG shareholders that have lost approximately $200 billion since 2000.
Claiming that the losses were due to mismanagement, Freedom Watch is going after Edward Liddy, the current CEO of AIG, and three former CEO. Neither Liddy nor the three former AIG CEOs (Robert Willumstand, Martin Sullivan and Maurice Greenberg) have commented on the lawsuit.
This is far from the first time AIG has found itself in legal trouble. After …read more