American International Group and C.V. Starr & Co. Inc. have agreed to some form of arbitration to settle the dispute that began when Maurice Greenberg was ousted as AIG chairman.
At a hearing yesterday, New York Supreme Court Justice Herman Cahn urged the parties to take the mediation path and set a hearing for Monday at 11 a.m. to monitor progress and hear continuing arguments on both sides as to his previous restraining orders.
Mr. Greenberg, who was forced out as AIG chairman and chief executive officer amid an investigation of the insurer's accounting irregularities, has been using the Starr brokerage and managing general agent entities, which were once inextricably linked with AIG, as his new industry flagship in the aftermath of his ouster.
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