Looking to put an end to years of antagonism, New York-based American International Group Inc. (AIG), its former chairman and CEO Maurice Greenberg, and its former CFO Howard Smith have agreed to enter binding arbitration to dissolve their sundry legal disputes.

In a joint public statement, the parties said it was “preferable to resolve as many of their disputes as possible in a private setting, and in a more expeditious and cost-effective manner.”

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