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.
Princeton has accumulated more than $18 million in legal expenses and more than $4 million for expert witnesses in its litigation with family members of the Robertson Foundation, said Lauren Robinson-Brown, Princeton communications director.
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