PRESS RELEASES, INTERVIEWS

Szaferman Lakind

PRESS RELEASE

Szaferman, Lakind, Blumstein & Blader, P.C., and Levy Phillips & Konigsberg, LLP, Announce Class Action Filed On Behalf of Participants of the Inductotherm Profit Sharing Plan

CAMDEN, Nov. 12, 2009 – Szaferman, Lakind, Blumstein & Blader, P.C., and Levy, Phillips & Konigsberg, LLP, today announced that the firms have filed a class action complaint on behalf of all persons who were participants of The Inductotherm Profit Sharing Plan, at any time between January 1, 2005 and the present.

The complaint was filed in the United States District Court for the District of New Jersey and alleges that between January 1, 2005 through to the present, Inductotherm Industries, Inc., AIG, Inc., several wholly owned subsidiaries of AIG, Inc., and others, caused the Inductotherm Profit Sharing Plan, and ultimately its participants, to suffer significant financial losses. The lawsuit alleges that the combined actions of the defendants resulted in violations of, among others, Federal and New Jersey State securities laws and the Employee Retirement Income Security Act (this is the Federal statute that regulates how retirement plans must be operated).

If you are, or were, a participant in the Inductotherm Profit Sharing Plan at anytime on or after January 1, 2005 , you may be eligible to join this lawsuit. If you join this lawsuit and our law firms prevail, you may be entitled to have money restored to your retirement account. If you are interested in learning more about this lawsuit please contact attorney Arnold C. Lakind at (609) 275-0400 or alakind@szaferman.com.