AIG-Greenberg Battle Ends With $150 Million Legal Tab

, The American Lawyer

   | 0 Comments

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.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to LexisAdvance®.

Continue to LexisAdvance®

Not a LexisAdvance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via LexisAdvance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202435920156

Thank you!

This article's comments will be reviewed.