Judge Tosses Claims Against Former AIG Directors

WILMINGTON - Stockholder's claims against certain former directors and employees of American International Group Inc. and auditor PricewaterhouseCoopers were dismissed by a Delaware state judge on Feb. 10 for lack of personal jurisdiction. American International Group Inc. v. Greenberg, et al., No. 769-VCS (Del. Chanc.).

However, Vice Chancellor Leo E. Strine Jr. of the Delaware Chancery Court allowed the claims to stand against former AIG chairman and chief executive officer Maurice Greenberg and three other former AIG executives who made up Greenberg's so-called "inner circle."

In 2004, a group of AIG stockholders sued Greenberg and other AIG executives to …