NU Online News Service, Oct. 6, 11:17 a.m.EST

A federal court judge has preliminarily approved a $725 millionsettlement agreement announced more than a year ago to resolve asecurities class-action lawsuit between American InternationalGroup Inc. (AIG) and Ohio and Florida public pension planfunds.

If the settlement gains final approval, the more than 7-year-oldlawsuit over bid-rigging allegations would be put to rest.

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