The U.S. Court of Appeals for the Second Circuit has reversed a lower court’s refusal to certify a settlement class in an investor lawsuit against General Reinsurance Corp.
Southern District Judge Deborah Batts (See Profile) in 2010 had refused to approve a $72 million settlement obtained by investors whoclaimed that Gen Re engaged in a fraudulent transaction with American International Group Inc. in 2000 and 2001 allowing AIG to inflate its revenues and loss reserves.
This content has been archived.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]
