New Mexico Attorney General Gary King announced today that he joined a coalition of 19 state attorneys general in sending a letter to AIG CEO Edward Liddy that demands the names of those who received retention bonuses from the embattled insurance agency.
The attorneys general also want a list of those persons involved with negotiating the compensation contracts, copies of board minute and copies of any correspondence to shareholders from September 2008 to the present regarding the financial health of AIG. The American government owns most of the company after buying shares through bailouts.
New Jersey Attorney General Anne Milgram led the effort and was joined by King and attorneys general from Arizona, Delaware, Illinois, Kentucky, Louisiana, Maine, Michigan, Mississippi, Montana, Nebraska, Ohio, Oklahoma, Oregon, Pennsylvania, Texas, Washington and West Virginia.
The letter asks for AIG to forward the information within five days.