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    • AWAC keeps regulatory investigation out of IPO prospectus — then comes clean

    AWAC keeps regulatory investigation out of IPO prospectus — then comes clean

    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.