WILMINGTON, Del. AP – A Chancery Court judge on Wednesday approved a $115 million settlement in a shareholder lawsuit against former executives of insurance company American International Group Inc.
The settlement approved by Vice Chancellor Leo Strine Jr. was reached in September, just days before trial was to begin in a 2002 lawsuit challenging hundreds of millions of dollars in commissions paid by AIG to C.V. Starr & Co., a privately held affiliate controlled by former AIG Chairman Maurice “Hank” Greenberg and other AIG directors.
