AIG investors to receive $970.5m over pre-crisis shares

Investors who bought shares from American largest insurance firm, AIG, in the lead up to the financial crisis will receive a total of $970.5m (£649m) after reaching a landmark settlement. AIG, which issued credit guarantees for sub-prime mortgages, was bailed out by the US government in 2008. via Pocket http://ift.tt/1xHlUH3