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AIG Co-Conspirators Immune from Derivative Liability for Bid Rigging |
August 19, 2009
Previously published on June 2009
In American International Group, Inc. v. Greenberg, No. 769, 2009 WL 1684808 (Del. Ch. June 17, 2009), the Delaware Chancery Court dismissed a derivative action brought by AIG shareholders against insurance companies and brokerage firms that allegedly participated with AIG in a bid-rigging conspiracy to carve up the market for certain insurance contracts.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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