Gen Re's $72M Settlement In AIG Suit Wins OK
U.S. District Judge Deborah Batts approved the settlement, first announced in 2009, at a hearing in Manhattan federal court.
“The court finds the proposed settlement to be fair, reasonable and adequate,” Judge Batts said.
AIG shareholders had targeted Gen Re, a Berkshire Hathaway subsidiary, for executing a $500 million reinsurance transaction...
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