Monday, August 8, 2011

AIG sues BofA for $10 billion alleging "massive fraud" (Reuters)

The American International Group (AIG) building in New York's financial district, March 16, 2009. REUTERS/Brendan McDermidReuters - Bank of America Corp was sued by American International Group Inc for more than $10 billion over an alleged "massive fraud" on mortgage debt, causing the bank's shares to tumble 22.8 percent amid worries it cannot manage a deepening litigation morass.


Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/nm/20110808/bs_nm/us_bankofamerica_aig_lawsuit

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