Reuters logo
AIG may file lawsuit against Morgan Stanley-SEC filing
November 4, 2013 / 10:33 PM / 4 years ago

AIG may file lawsuit against Morgan Stanley-SEC filing

NEW YORK, Nov 4 (Reuters) - American International Group Inc may file a lawsuit against Morgan Stanley related to $3.7 billion worth of mortgage securities that the investment bank sponsored or underwrote from 2005 to 2007, and which AIG purchased, according to a regulatory filing on Monday.

AIG has terminated a “tolling agreement” with Morgan Stanley, which allowed the companies to try to settle their dispute out of court. The termination will be effective Thursday, according to Morgan Stanley’s 10-Q filing with the U.S. Securities and Exchange Commission.

Spokesmen for the two firms did not immediately respond to requests for comment.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below