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"                      <p class=\"imgtitle\">Schneiderman</p>           NEW YORK (Legal Newsline) - Lawyers for American International Group Inc. shareholders argued in a court filing this week that New York Attorney General Eric Schneiderman shouldn't be allowed to thwart a $115 million settlement between the shareholders and AIG's former chief executive.<br /><br />According to <a href=\"http://newsandinsight.thomsonreuters.com/Legal/News/2012/09_-_September/AIG_shareholders__NY_AG_should_not_derail_$115_mln_accord/\" class=\"copy\">Reuters</a>, the $115 million deal, reached in 2009, would resolve claims over alleged improper accounting and other fraudulent practices at the insurance giant. <br /><br />The case was previously handled by attorneys general Eliot Spitzer and Andrew Cuomo.<br /><br />In a filing in the U.S. District Court for the Southern District of New York last month, Schneiderman asked that the settlement be rejected.<br /><br />The attorney general is arguing that an expert for the shareholders made a \"math error,\" causing the payout to be too low.<br /><br />In response, lawyers for the shareholders said Tuesday that the error had \"no significant effect\" on the payout, according to Reuters.<br /><br /><em>From Legal Newsline: Reach Jessica Karmasek by email at jessica@legalnewsline.com.</em>"^^<http://www.w3.org/2001/XMLSchema#string>
<http://legalnewsline.com/stories/510528057-report-shareholders-say-n-y-ag-shouldn-t-be-allowed-to-stop-deal>