AIG and Hank Greenberg have agreed to settle all the remaining lawsuits between them. The US insurer, rescued last year with more than $180bn of government money, will reimburse legal fees of up to $150m for Greenberg and Howard Smith, AIG’s former CFO, subject to a review by an independent third party. The settlement also covers CV Starr, an insurer headed by Greenberg that underwrote some of AIG’s business, and Starr International Company, his private investment group.

This entry was posted by Gwen Robinson on Thursday, November 26th, 2009 at 4:39 and is filed under Capital markets, People. Tagged with aig, hank greenberg. Edit this entry.