Gainey & McKenna Commences Class Action On Behalf of American International Group, Inc. 7.70%...

NEW YORK, Oct. 10, 2008 (GLOBE NEWSWIRE) -- On October 9, 2008, Gainey & McKenna filed a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all persons who purchased 7.70% Series A5 Junior Subordinated Debentures (NYSE:AVF) of American International Group, Inc. ("AIG" or the "Company") (NYSE:AIG) from the date of the Company's public offering on December 11, 2007 (the "Offering"), and all purchasers traceable thereto (the "Class Period") against certain officers and directors of AIG and certain Underwriters of the Offering, pursuant to Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 (the "Securities Act"), 15 U.S.C. Sec. 77k, 77l and 77o (the "Class"). The Underwriters include Citigroup Global Markets Inc. (NYSE:C), Merrill Lynch & Co., Inc. (NYSE:MER), Morgan... [read full story]