AIG Drops Spinal Kickback Lawsuit, Questions Probability of Financial Recovery

American Insurance Group and its affiliates dropped a civil lawsuit against two-dozen companies and providers it sued last year for unspecified damages resulting from the kickback scheme at Pacific Hospital of Long Beach. The carrier and its affiliates on Friday filed a notice of voluntary dismissal informing the U.S. District Court for Central California that they did not expect they would be able to recover any money from the defendants if the lawsuit were successful. “The decision to dismiss is not based on the merits, but based upon a business decision in view of learning that...