NU Online News Service, Aug. 14, 2:40 p.m. EDT
Three Ohio pension funds have reached a $115 million settlement agreement with Maurice Greenberg, former CEO of American International Group (AIG), and three other company executives regarding charges of "anti-competitive practices," Ohio Attorney General Richard Cordray announced.
However, AIG itself remains a defendant in the case, and Mr. Cordray made it clear he intends to vigorously pursue the civil action, filed in the U.S. District Court in the Southern District of New York.
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