With the sale of Dresdner Bank becoming effective on Jan. 12, 2009, Allianz SE has terminated the indemnification undertaking issued in 2001 in favor of the Federal Association of German Banks with respect to Dresdner Bank.
In accordance with Section 5(10)…
Discovery is ongoing for the arbitration proceeding commenced in October 2007 to resolve the dispute regarding the settlement between Allianz Global Risks U.S. Insurance Company (AGR U.S.) and Silverstein Properties Inc.
On Nov. 5, 2001, a lawsuit, Silverstein v. Swiss Re…
Allianz SE reports that settlement discussions are ongoing between its general insurance unit, Fireman’s Fund Insurance Company (FFIC), and the U.S. Department of Justice to resolve false documentation claims.
The DOJ has alleged False Claims Act violations related to FFIC’s involvement…
Allianz SE says that a mediation procedure (Spruchverfahren), which was commenced by former minority shareholders seeking to review the settlement amount, remains pending with the district court (Landgericht) of Frankfurt.
On May 24, 2002, pursuant to a statutory squeeze-out procedure, the…