Dennis asks an AIG Question.....WHY?

From Dennis Leone, July 17, 2010
Subject: AIG Question

Glad to see the $1 billion settlement with AIG. Here is my question: Why, when STRS was suing AIG in 2004 for fraud that began in 1999, did STRS continue to buy AIG stock – even AFTER 2004. AIG collapsed in 2008, and STRS was still buying AIG stock at that time. It seems as though while some advisors were pushing STRS to sue, other advisors were saying buy, buy, buy. Go figure.

Dennis Leone