(by Dr. Goldfinger)

American International Group Inc. (AIG) says it may face the civil action from the Securities and Exchange Commission as the company is charge for issuing "false and misleading" statements to investors.

SEC says it will use three press releases (January 30, 2002, and September 21 and September 29, 2004).

AIG argues the press releases contain any information that could mislead investors and says any action by the SEC would be unwarranted.

SEC says AIG’s September 29 release did not present a fair picture of the scope of the Justice Department’s target notification and therefore continued allegedly misleading disclosures that began in 2002.
Both sides declined to comment.