NY AG Can't Object In $115M AIG Fraud Settlement Says Judge

Law360, New York (January 7, 2013, 8:36 PM EST) -- A New York federal judge Monday barred the state's attorney general, Eric Schneiderman, from objecting to a $115 million American International Group Inc. securities-fraud class settlement, arguing his office's case against two former AIG leaders didn't give him standing in the federal case.

U.S. District Court Judge Deborah Batts shot down Schneiderman's attempts to object, which included arguments that the settlement would preclude his office from pursuing its case against two of the so-called Starr Defendants, including erstwhile AIG CEO Maurice R. Greenberg and former AIG officer...
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