AIG-sponsored Allied World Assurance Co. Holdings Ltd. has finally decided to disclose to potential investors in its $500 million IPO that it has been the target of a regulatory investigation for over seven months.In its third amended securities registration statement that was filed with the SEC on June 19, 2006, AWAC revealed that it had received a Civil Investigation Demand from the Antitrust and Civil Medicaid Fraud Division of the Office of the Attorney General of Texas as long ago as November 8, 2005.
AWAC keeps regulatory investigation out of IPO prospectus — then comes clean
18 years ago
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Allied World Assurance Bermuda Insurance Market