AIG Investors’ $115 Million Greenberg Settlement Approved
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A $115 million settlement between American International Group Inc. shareholders and former executives including Maurice “Hank” Greenberg was approved by a judge in New York.
U.S. District Judge Deborah Batts granted final approval to the agreement at a hearing today in Manhattan federal court. The ruling resolves claims by AIG shareholders against Greenberg, former Chief Financial Officer Howard Smith, former Vice President of Reinsurance Christian Milton, former Comptroller Michael Catelli and Greenberg companies C.V. Starr and Starr International Co.