Judge Refuses to Award AIG Costs in Fraud Case

NEW YORK - A New York federal judge has refused to award costs to American International Group after it ultimately prevailed on fraud claims brought by AXA Versicherung AG, ruling that the circumstances of the case render an award of costs "inequitable." AXA Versicherung AG v. New Hampshire Insurance Co., et al., No.

On March 7, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York explained that AXA filed the suit in good faith and that the $30 million verdict was reversed on statute of limitations grounds.

In 1996, AXA's predecessor, …