AIG Can’t Escape Pimco Suit Over Losses From Credit Crisis

  • California state judge lets insurer immediately appeal ruling
  • Investment firm sued over losses from swaps, subprime debt

American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer’s exposure to credit-default swaps and subprime debt in the run-up to the 2008 financial crisis.

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