Insurance Law and Coverage Disputes Blog » Arbitration, Forum Selection, and Service of Suit http://www.insurancelawanddisputesblog.com Providing discussion and analysis of federal and state insurance law decisions and legal and policy developments in the insurance industry. Mon, 12 Jul 2010 21:04:19 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 AIG and Maurice Greenberg Agree to Arbitration http://www.insurancelawanddisputesblog.com/2009/09/aig-and-maurice-greenberg-agree-to-arbitration/ http://www.insurancelawanddisputesblog.com/2009/09/aig-and-maurice-greenberg-agree-to-arbitration/#comments Fri, 04 Sep 2009 16:38:27 +0000 Michael Cessna http://www.insurancelawanddisputesblog.com/?p=322 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…

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