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AIG Update: BR&B Files Lead Plaintiff's Class Motion

04/01/2011 - On behalf of the State of Michigan Retirement Systems (“SMRS”), the lead plaintiff in the American International Group, Inc. (AIG) 2008 Securities Litigation, Barrack, Rodos & Bacine filed a motion for class certification, requesting that the court certify a class consisting of all persons or entities, other than defendants and their affiliates, who purchased American International Group, Inc. common stock, preferred stock and other securities that traded on a U.S. public exchange from March 16, 2006 through September 16, 2008, including all persons or entities who, during the class period, purchased AIG common stock, preferred stock and other securities in or traceable to a public offering by AIG, and suffered damages as a result. The motion requests that the court certify SMRS and the other plaintiffs named in the complaint – the Maine Public Employees Retirement System, Port Authority of Allegheny County Retirement and Disability Allowance Plan for Employees Represented by Local 85 of the Amalgamated Transit Union, Epstein Real Estate Advisory, and individual plaintiffs Yee, Conte, Wilson and Decker – as representatives of the class, and appoint Barrack, Rodos & Bacine and The Miller Law Firm, P.C., as Class Counsel. Click here to view the notice of motion, and click here to view the memorandum of law in support of the motion.

For more information about the AIG case, click here.