AIG Charity Grab --Bids to Claw Back Grants to Pay Bonuses - 01 Jun 2009
Insurance giant AIG is trying to seize a $490 million charitable endowment -- and claw back $27 million it already awarded to New York charities -- to pay executive bonuses, The Post has learned. AIG intends to go to trial in federal court June 15. Legal experts say that if AIG wins its case, it would have the right to sue to claw back some of the $27 million already awarded to charities. [more]
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