Credit: Vitalii Vodolazskyi/stock.adobe.com Ex-Employees Say AIG Subsidiary's Chapter 11 Filing Is 'Abuse of the Bankruptcy Process'
The move was aimed at maintaining AIG's interest while giving the employees, the only non-insider creditors identified to date, less than 0.02% of what they're seeking in a Connecticut Superior Court case.
January 24, 2023 at 03:29 PM
3 minute read
Bankruptcy
Former employees of an AIG Inc. subsidiary have moved to dismiss Delaware bankruptcy proceedings they claim are the latest attempt to avoid paying hundreds of millions for compensation they deferred more than a decade ago.
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