TRSL - AIG claim settled

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US - The Teachers' Retirement System of Louisiana (TRSL) has achieved a US$115m settlement of a six-year derivative shareholder action against AIG and several former senior executives and directors.

The claims stemmed from an extended series of self-dealing transactions between the global insurer and C.V. Starr, a private offshore affiliate which was controlled by former AIG CEO Maurice Greenb...

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