WILMINGTON, Del. AP - Attorneys for a Louisiana pension fund have reached a $115 million settlement in a shareholder lawsuit against former executives of insurance giant American International Group Inc.The settlement was reached Thursday, just days before a trial was to begin in Delaware in the case that challenged commissions AIG paid to C.
September 11, 2008 at 12:00 AM
1 minute read
WILMINGTON, Del. AP – Attorneys for a Louisiana pension fund have reached a $115 million settlement in a shareholder lawsuit against former executives of insurance giant American International Group Inc.
The settlement was reached Thursday, just days before a trial was to begin in Delaware in the case that challenged commissions AIG paid to C.V. Starr & Co. That’s a privately held affiliate controlled by former AIG chairman Maurice “Hank” Greenberg and three other AIG directors.
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