The lawsuit filed by AIG (NYSE: AIG ) against Bank of America (NYSE: BAC ) has been off-course for some time while the parties fight over whether the insurer retained the rights to sue B of A. On the line is a $10 billion suit in which AIG could recover some of the losses it incurred from bad mortgage bonds issued by Countrywide and Merrill Lynch. In this video, Motley Fool contributor Jessica Alling discusses the new development and what investors should look for going forward.
At the end of last year, AIG was the favorite stock among hedge fund managers. Have they identified the next big multi-bagger, or are the risks facing the insurance giant still too great? In The Motley Fool's premium report on AIG, Financials Bureau Chief Matt Koppenheffer breaks down the key issues that you need to know about if you want to successfully invest in this stock. Simply click here now to claim your copy, and you'll also receive a full year of key updates and expert analysis as news continues to develop.