NU Online News Service, Oct. 6, 11:17 a.m. EST

A federal court judge has preliminarily approved a $725 million settlement agreement announced more than a year ago to resolve a securities class-action lawsuit between American International Group Inc. (AIG) and Ohio and Florida public pension plan funds.

If the settlement gains final approval, the more than 7-year-old lawsuit over bid-rigging allegations would be put to rest.

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