US court approves AIG $725m settlement
US District Judge Deborah Batts in New York has granted preliminary approval to a $725m settlement that AIG has agreed to pay to end a securities class-action lawsuit in which investors sought to recoup losses after AIG’s share price fell in the wake of a 2004 bid-rigging scandal and accounting improprieties that forced the company to restate earnings for 2000 to 2004.