American International Group ERISA Lawsuit

AIG is alleged to have overstated its earnings and misled investors regarding the stability of its plans. In fact, AIG is accused of repeatedly reassuring people that its plans were secure even though AIG's CDS portfolio was suffering massive losses. Misleading investors about the security of a plan constitutes a failure to act in the best interest of plan members and is therefore a breach of fiduciary duty.

If you were a participant of the AIG Savings Plan, you may be eligible to join a lawsuit against the company. Contact a lawyer to discuss your legal options.