We are prosecuting a securities class action on behalf of investors of AIG and several investment banking firms that acted as sales agents for the Structured Note offerings.
AIG offered and sold Structured Notes to the public through various investment banking firms and broker-dealers, including AIG Financial Securities Corp., ABN AMRO Incorporated, Banca IMI S.p.A., Banc of America Securities LLC, Barclays Capital, Inc., Bear Stearns & Co., Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., BNY Capital Markets, Inc., Calyon Securities (USA) Inc., Citigroup Global Markets, Inc., Credit Suisse Securities (USA) LLC, Daiwa Securities America, Inc., Daiwa Securities SMBC Europe Limited, Deutsche Bank Securities, Inc., Goldman Sachs & Co., Greenwich Capital Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc., Lehman Brothers Inc., McDonald Investments Inc., Mitsubishi UFJ Securities International plc, Morgan Stanley & Co. Incorporated, Nomura Securities International, Inc., RBC Capital Markets Corporation, Santander Investment Securities Inc., Scotia Capital (USA) Inc., SG Americas Securities, LLC, TD Securities (USA), LLC, UBS Securities LLC, and Wachovia Capital Markets, LLC.
We allege that the documentation accompanying the Notes were false and misleading in failing to disclose AIG’s looming financial meltdown at the time of the offering, and that when this information became public, the market value of the Notes declined substantially.
As a result, many investors lost their entire investments.
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