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Controversy over AIG-insured film deals escalates, investors respond: Quadrant's SIV survives, but spectre of SIV price risk emerges

As a disturbing counterpart to the recent LTV Steel controversy in the U.S. (see ASR 3/12, p.1), pending litigation in the U.K. related to Lexington Insurance-AIG's refusal to honor its insurance policy on two downgraded film-backed deals (see ASR 2/19, p.1) has engendered its own firestorm of criticism and...

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