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AIG sees $60 billion loss, no plans for bankruptcy: source

NEW YORK
Mon Feb 23, 2009 4:29pm EST

NEW YORK (Reuters) - American International Group Inc expects to report a fourth-quarter loss of about $60 billion, a source familiar with the matter said on Monday.

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The troubled insurer has also retained the law firm Weil, Gotshal & Manges, but has no plans to file for bankruptcy, the source said.

(Reporting by Paritosh Bansal; editing by Jeffrey Benkoe)

(For more M&A news and our DealZone blog, go to www.reuters.com/deals)
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