AIG-Greenberg Battle Ends With $150 Million Legal Tab

, The American Lawyer

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American International Group's litigation against former CEO Hank Greenberg has been very, very good to Boies, Schiller & Flexner (the Greenberg team) and Paul, Weiss, Rifkind, Wharton & Garrison (the AIG team). How good? As part of the settlement that the parties reached last week, AIG agreed to pay up to $150 million to cover certain legal fees and expenses incurred by Greenberg and former AIG CFO Howard Smith. And that $150 million doesn't include the amount that AIG spent in this litigation.

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