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Princeton U. Takes AIG To Court Over Legal Fees

The university sued the New York-based insurer and its subsidiary, National Union Fire Insurance Company of Pittsburgh, when the company said it would pay no more than $5 million to cover defense cost

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Princeton University is awaiting a judge’s final ruling concerning how much American International Group must pay the school to cover legal fees from a protracted legal battle over an endowment.

The university sued the New York-based insurer and its subsidiary, National Union Fire Insurance Company of Pittsburgh, when the company said it would pay no more than $5 million to cover defense costs. The university has a $15 million policy.

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