AIG Unit Dodges Some Empire Land Defense Costs

Law360, New York (May 24, 2013, 4:09 PM EDT) -- An American International Group Inc. affiliate doesn't have to pay $20 million more in defense costs to bankrupt land developer Empire Land LLC principals because of policy exclusions for related wrongful acts, a California federal judge ruled Thursday.

U.S. District Judge Dean D. Pregerson said that defendant AIG affiliate National Union Fire Insurance Co. of Pittsburgh, Pa., only had to pay the defense costs to the Empire Land plaintiffs, which include the former CEO and other company principals, under one policy it issued to them because...
To view the full article, register now.