NU Online News Service, May 20, 4:18 p.m.EDT--A Louisiana teachers' pension fund has asked aDelaware court to seize and place in a trust fund billions inassets belonging to C.V. Starr & Co., a private companyaffiliated with American International Group.
The Teachers' Retirement System of Louisiana, which holds461,000 shares of AIG stock, made its request in an amendedcomplaint filed this week in Court of Chancery, New Castle County,Delaware.
The pension fund's lawsuit names as defendants C.V. Starr &Co., AIG and 21 present and past AIG officers and directors. Thelist includes former AIG chairman and chief executive MauriceGreenberg, AIG's new Chief Executive Martin Sullivan andnon-executive chairman Frank Zarb.
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