Judge Stays AIG Derivative Suit

Law360, New York (September 18, 2007, 12:00 AM EDT) -- A derivative suit filed against insurance giant American International Group Inc. has been put on hold after a district court judge stayed the litigation pending the resolution of a similar matter in the Delaware Chancery Court.

In an order handed down on Monday, Judge John E. Sprizzo of the U.S. District Court for the Southern District of New York indefinitely extended a stay that had been placed on the litigation, suspending the matter until the resolution of the derivative suit filed against AIG in the Delaware...
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