AIG may file lawsuit against Morgan Stanley-SEC filing

NEW YORK Mon Nov 4, 2013 5:33pm EST

NEW YORK Nov 4 (Reuters) - American International Group Inc may file a lawsuit against Morgan Stanley related to $3.7 billion worth of mortgage securities that the investment bank sponsored or underwrote from 2005 to 2007, and which AIG purchased, according to a regulatory filing on Monday.

AIG has terminated a "tolling agreement" with Morgan Stanley, which allowed the companies to try to settle their dispute out of court. The termination will be effective Thursday, according to Morgan Stanley's 10-Q filing with the U.S. Securities and Exchange Commission.

Spokesmen for the two firms did not immediately respond to requests for comment.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article