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Article: AIG charges Public Citizen 'libeled' in report. (American International Group, report on financial crisis)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- November 19, 1990
- Author:
CopyrightCOPYRIGHT 1990 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AIG Charges Public Citizen 'Libeled' In REport
WASHINGTON--Public Citizen libeled American International Group when it charged that AIG was guilty of "troubling business practices" that could threaten the company's solvency, said an attorney for the New York-based insurer in a letter to Public citizen President Joan Claybrook.
"AIG is financially healthy, not unhealthy; financially sound, not unsound; financially unimpaired, not impaired," attorney Floyd Abrams wrote. "Public citizen's statements are dafamatory and false. They are libelous."
However, while AIG again raised the possibility of a lawsuit over the charges, the company offered the ...