COMPANIES AIG and Hank Greenberg have agreed to settle all the remaining lawsuits between them, in a deal that will see the insurer return a Persian rug and photographs of its former chief executive with Chinese leaders and the company’s founder.
The US insurer, rescued last year with more than $180bn (£108bn) of government money, will reimburse legal fees of up to $150m for Mr Greenberg and Howard Smith, AIG’s former chief financial officer, subject to a review by an independent third party.
