March 18, 2009
March 18, 2009 – ABC News featured BLB&G partner, Gerald Silk, in its Boiling Point segment covering the outrage over revelations that AIG executives were set to receive hundreds of millions of dollars in bonuses, despite the company’s colossal financial failure. Representing AIG investors claiming that the company issued false and misleading information and public statements about its financial strength and exposure to risk, Mr. Silk explains that, “The story here is about a company that always prided itself on its ability to manage risk. People believed [their] money was safe with AIG, and the conduct here is directly opposite to that. It’s clear now that AIG for a long time was covering up what was really happening there.”
External Link: Click here to view entire segment. (link will open in a new window)
