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AIG Mulls Claims Against Goldman, Others

Source: MarketWatch

Posted on 20 Apr 2010

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American International Group Inc. (AIG) is considering potential claims against Goldman Sachs Group Inc. and other Wall Street banks over soured mortgage assets that led to heavy losses for the insurance giant, the Wall Street Journal reported late Monday, citing a person familiar with the matter.

U.S. government-controlled AIG has been scrutinizing mortgage debt pools and securities it previously bought or insured for any evidence that the structures were created or sold fraudulently by investment banks, the report said, but the unidentified source said no cases were imminent.