Insurance group AIG is suing Bank of America (BoA) for $10bn (£6.1bn), accusing the lender of carrying out a "massive fraud" on bad mortgage debt.
AIG alleges that BoA exaggerated the quality of the $28bn worth of mortgage-backed investment products it bought from the bank prior to the 2008 turmoil in the financial markets.
AIG alleges that BoA exaggerated the quality of the $28bn worth of mortgage-backed investment products it bought from the bank prior to the 2008 turmoil in the financial markets.
