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AMER-INTL-GROUP-TRIAL/COVENTRY-FIRST
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August 27, 2015
Coventry First CEO and co-founder Alan Buerger exits the Manhattan Federal Courthouse in New York August...
New York, UNITED STATES
Coventry First CEO and co-founder Alan Buerger exits the Manhattan Federal Courthouse in New York
Coventry First CEO and co-founder Alan Buerger exits the Manhattan Federal Courthouse in New York August 27, 2015. An American International Group Inc unit on Thursday asked a federal judge to order a Pennsylvania firm to pay it $1.76 billion in damages for allegedly overcharging for life insurance policies acquired from elderly individuals. At the outset of a trial in Manhattan federal court, a lawyer for AIG's Lavastone Capital accused Coventry First of artificially inflating the price of about 300 such policies, known as "life settlements," and using a network of subsidiaries to conceal the markups. REUTERS/Brendan McDermid
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