NU Online News Service, Aug. 27, 3:00 p.m. EDT
Former American International Group Inc. Chief Executive Maurice "Hank" Greenberg and the company's former chief financial officer will get $60 million from AIG's insurers as part of a proposed settlement to resolve shareholder derivative claims.
The money paid by AIG's insurance carriers will go to Mr. Greenberg and Howard Smith, former CFO, "as reimbursement for their legal fees and expenses," AIG spokesman Mark Herr said.
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