Settlement reached in AIG shareholder lawsuit (AP)

. The settlement was reached Thursday, just days before a trial was to begin in Delaware in the case that challenged commissions AIG paid to C.V. Starr & Co. That's a privately held affiliate controlled by former AIG chairman Maurice "Hank" Greenberg and three other AIG directors.

Here is Elastic Tapes Homepage.

Attorneys representing the Teachers Retirement System of Louisiana say the settlement includes a $29.5 million payment from Greenberg and three other individual defendants. The plaintiffs alleged AIG could have done the work for which it paid Starr, and that the commissions were simply a mechanism for Greenberg and other Starr directors to line their pockets.

Full Story: Settlement reached in AIG shareholder lawsuit (AP)

Click here for information on elastic tapes.