AIG Resolves Duke University’s 2008 Lacrosse-Stripper Lawsuit

Submitted by Matt on Thu, 2011-02-24 04:09

Article here. Excerpt:

'Feb. 23 (Bloomberg) -- American International Group Inc. has resolved a lawsuit filed by Duke University over expenses tied to the school’s dispute with lacrosse team members falsely accused of sexually assaulting a stripper.

The university and the unit of New York-based AIG that sold insurance coverage to Duke “agree to the dismissal” of the claims, according to a joint filing yesterday in U.S. District Court in Durham, North Carolina. The court document didn’t disclose terms of the settlement.

The school was seeking reimbursement of costs from confidential settlements with three members of the team who were exonerated after they were accused of rape by a woman invited to a 2006 party. AIG, the bailed-out life and property-casualty insurer, had offered $5 million to Duke, Joseph O’Neil, a lawyer for the insurer, said in December 2008.'

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