David Pinkerton Case Toils On: After it looked like there might be a reprieve, the judge overseeing the case against the former AIG managing director said that he must stand trial on bribery and moneylaundering charges.(AIG Global Investors Inc.)

For one hot minute it looked like David Pinkerton, a former managing director at AIG Global Investment Corp. and ex head of the firm's developed alternative markets group, had beat six counts of alleged conspiracy to violate the U.S. Foreign Corrupt Practices Act and Travel Act. But as M&A went to press, it appears Pinkerton remains unable to shake the Federal charges just yet.

The case against Pinkerton, which has been ongoing since his 2005 arrest, suffered a setback in July after Judge Shira Scheindlin dismissed bribery charges against Pinkerton and Frederic Bourke. The two are accused of trying to pay-off top Azerbaijan officials in order to push a deal through …