AIG Buries Hatchet With Greenberg

Law360, New York (November 25, 2009, 5:42 PM EST) -- American International Group Inc. has reached a truce with former chairman Maurice “Hank” Greenberg and ex-Chief Financial Officer Howard Smith, putting an end to any and all suits and countersuits between the insurance giant and its embattled exes.

On Wednesday, AIG revealed that a settlement had been reached with Greenberg, Smith and two Greenberg-run companies, C.V. Starr and Co. and Starr International Co. Inc., following mediation overseen by Judge Layn R. Phillips.

Robert Benmosche, AIG’s CEO, said he was pleased with the resolution, which he hailed...
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