The insurer General Re has agreed to pay $92.2 million to settle charges by federal authorities and shareholder claims over its alleged role in accounting misconduct schemes by American International Group and Prudential Financial. Gen Re will pay $19.5 million in a non-prosecution agreement with the Justice Department; $12.2 million to settle civil charges with the Securities and Exchange Commission; and $60.5 million to resolve a class action lawsuit by AIG shareholders.
January 21, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The insurer General Re Corp. has agreed to pay $92.2 million to settle charges by federal authorities and shareholder claims over its alleged role in accounting misconduct schemes by American International Group Inc. and Prudential Financial Inc.
The Securities and Exchange Commission and the Justice Department announced the settlements Wednesday with Gen Re, which is part of Berkshire Hathaway Inc., the company led by billionaire investor Warren Buffett.
Presented by BigVoodoo
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law.
Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
Attorneys Solicitor General Division: The West Virginia Attorney General's Office is accepting applications for attorneys in the Solicitor...
Regional mid-sized firm with diverse civil litigation practice seeking hardworking and dedicated attorneys with 1-5 years experience for it...
Lawyers of Distinction would like to announce...
It is our privilege & honor to announce the addition of Steven H. Cohen, Patricia Z. Boguslawski, Evan D. Baker & Kelly A. Conlon as new partners of DAVIS, SAPERSTEIN & SALOMON, P.C.
FERRO LABELLA & WEISS LLC would like to announce that....
