PricewaterhouseCoopers LLP, have entered into a proposed settlement that would create a Cash Settlement Account of $97.5 million to resolve certain claims asserted in the recent class action filed on behalf of all people or entities that purchased or otherwise acquired publicly-traded securities issues by American International Group (AIG) between October 28 1999 and April 1 2005 inclusive and who thereby sustained damages.
The proposed cash settlement would create an account of $97.5 million to resolve the claims.
The Action is continuing as to all defendants other than PricewaterhouseCoopers LLP.
