SEC Drops Inquiry of Ex-AIG Executive Joseph Cassano, His Attorneys Say

The U.S. Securities and Exchange Commission has closed an investigation of former American International Group Inc. executive Joseph Cassano, his attorneys said in a statement today.

“We think they realized that our client acted in good faith, kept his superiors informed, and was honest with investors,” said F. Joseph Warin and Jim Walden of the law firm Gibson, Dunn & Crutcher LLP in the statement.

To contact the reporter on this story: David Scheer in New York at dscheer@bloomberg.net

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