On August 31, 2009, AIG announced its agreement with Maurice R. Greenberg, its former CEO, and Howard L. Smith, its former CFO, to resolve their legal disputes in binding arbitration. The agreement was made filed as Exhibit 10.1 to AIG’s August 31, 2009 Form 8-K Report to the SEC. The Agreement is available here.
The Agreement encompasses claims by AIG against Greenberg and Smith pending in shareholder derivative actions pending in Delaware and New York and Greenberg and Smith’s claims against AIG for indemnification.
What’s more, AIG and Greenberg and Smith have also agreed to “consider whether to arbitrate” AIG’s claims against Starr International Co., Inc., which are pending in the SDNY, and AIG’s claims against Greenberg and Smith, which are pending…