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Will American International Group have to pay Lehman millions?

Posted Aug 12th 2009 1:00PM by Elizabeth Harrow (RSS feed)
Filed under: Law, Amer Intl Group (AIG), Financial Crisis

Luckily for American International Group Inc. (NYSE: AIG), the embattled insurer has agreed to sell its AIG Finance unit to China Construction Bank for $70 million in cash. This news is helping to offset some distinctly less bullish developments for AIG today.

Specifically, Patrick Fitzgerald of Dow Jones Bankruptcy Review reports that Lehman Brothers Holdings (LEHMQ) is asking a bankruptcy judge to force AIG to pony up millions of dollars it owes Lehman for credit default swaps.

Continue reading Will American International Group have to pay Lehman millions?

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