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A federal judge ruled last week that Starr International Co. Inc. did not breach its trust to American International Group employees over continuation of a deferred compensation program, but was critical of AIG’s former chief executive for playing loose with the facts at times.

U.S. District Court Judge Jed S. Rakoff, sitting in Southern District Court in Manhattan, agreed with a jury’s finding that SICO did not establish a deferred compensation program for the express purpose of compensating AIG employees, and that shares in AIG held by SICO were not for that express purpose.

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