Ex-AIG Executive Cassano Won’t Face SEC Claims, His Lawyers Say

June 16 (Bloomberg) -- 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.

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

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net