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.
Apr 3, 2013 at 9:56AM
Contributing writer for Fool.com covering the financial sector with an emphasis on the insurance industry.
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