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Benefit Plans’ Appeal In Securities Suit Remanded To Federal District Court

(September 30, 2016, 9:29 AM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on Sept. 20 remanded an appeal by employee benefit plans in a securities class action lawsuit to a federal district court for further proceedings, ruling that such proceedings are necessary to determine whether the plans are considered “affiliates” of defendant American International Group Inc. (AIG) (Sharyn Rothstein, et al. v. American International Group Inc., et al., Nos. 14-4067 and 14-4603, 2nd Cir.; 2016 U.S. App. LEXIS 17201).

(Opinion available. Document #57-161017-011Z.)

Lead plaintiffs in a...
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