OTPP files suit against AIG over credit default swaps

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US/CANADA - The Ontario Teachers Pension Plan (OTPP) has filed a lawsuit against American International Group (AIG) claiming it made false statements over the financial security of its credit default swaps (CDS).

The case is similar to another filed in May against the world's biggest insurer by the Jacksonville Police and Fire Pension Fund, but extended the time period relating to the allegations. Gerald...

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