2 Defendants To Be Dropped From AIG Derivative Suit

Law360, New York (December 10, 2009, 7:07 PM EST) -- A federal judge has paved the way for the dismissal of American International Group Inc. executives Brian Schreiber and Frank Wisner from a shareholder derivative suit accusing the two and other executives of running the company into the ground.

Judge Laura Swain of the U.S. District Court for the Southern District of New York indicated in an order issued Wednesday that she is prepared to support a stipulated dismissal without prejudice, provided shareholders are given a month to weigh in.

Schreiber and Wisner, AIG's senior vice...
To view the full article, register now.