Campbell v. American International Group Inc.

MEMORANDUM OPINION

LEÓNIE M. BRINKEMA, District Judge.

Before the Court are plaintiffs Motion for Declaratory Judgment [Dkt. No. 7], plaintiffs Motion for Summary Judgment [Dkt. No. 8], and defendants’ Motion to Dismiss. [Dkt. No. 18] For the reasons stated in open court and in this opinion, defendants’ Motion to Dismiss will be granted and plaintiffs Motions for Declaratory Judgment and for Summary Judgment will be denied.

I. BACKGROUND

This purported class action arises from the sale of publicly-traded securities issued by defendant American International Group, Inc. (“AIG”). Plaintiff Kathryn…