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Judge: New York Attorney General Has No Standing to Object to AIG Shareholder Settlement -Reuters

Date : 01/07/2013 @ 7:14PM
Source : Dow Jones News
Stock : American International Grp. (AIG)
Quote : 54.405  0.385 (0.71%) @ 3:35PM
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Judge: New York Attorney General Has No Standing to Object to AIG Shareholder Settlement -Reuters

American International (NYSE:AIG)
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A federal judge in New York ruled that New York Attorney General Eric Schneiderman doesn't have the standing to object to a $115 million settlement for American International Group Inc. (AIG) shareholders, Reuters reported Monday.

Parties to the settlement include former AIG Chief Executive Hank Greenberg.

According to the Reuters report, Mr. Schneiderman believed that a math error made the settlement amount too low.

Full story at http://www.reuters.com/article/2013/01/07/us-aig-shareholders-idUSBRE9060WO20130107

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