As discussed in more detail here earlier, the settlement between American International Group and regulators over business fraud charges may be consummated as early as later this week, according to this Wall Street Journal ($) article (NY Times article here).
The expected amount of the regulatory extortion, er, I mean, “settlement”: $1.6 billion.
9 Feb. 2006 Update: It’s a done deal. NY Times article on the settlement is here.
Houston's Clear Thinkers
Longtime Houston attorney Tom Kirkendall's observations on developments in law, business, medicine, culture, sports, and other matters of general interest to the Houston business, professional, and academic communities.
