Monday, November 3, 2008

Ruling in AIG and Berkshire Hathaway Case

The Wall Street Journal reported that the Judge presiding over the fraud case of former insurance executives at AIG, and Berkshire Hathaway has ruled that the conspiracy caused massive losses for investors. Also determined was that over 250 shareholders were harmed by their actions. A sentencing date has yet to be determined, however, the defendants could end up with 16 to 20 years in prison for their actions.

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