NU Online News Service, Jan. 5, 3:42 p.m. EST

A former employee of American International Group sued AIG's auditor, claiming PricewaterhouseCoopers was negligent in its audits of the insurer and that the AIG board should have pursued a claim against the accounting firm.

The suit, reported by Reuters and filed Tuesday in Manhattan Federal Court, is a derivative action on behalf of AIG Incentive Savings Plan filed by Wanda Mimms. Both PwC and AIG's board were named as defendants.

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