Five Sullivan & Cromwell partners, including chairman Rodgin Cohen, are representing AIG as the insurance giant struggles to stay afloat, The Am Law Daily has learned.
Shares of AIG tumbled by 60% in trading early on Monday (15 September) due to fears that the company lacked the capital to make up for a threatened cut in its credit rating. AIG has lost most of its value this year due to losses on credit default swaps, derivatives that insure investors against defaults by a bond issuer.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]