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LOS ANGELES — A lawsuit filed on behalf of shareholders of American International Group Inc. is demanding that company executives return millions of dollars in bonuses, dividends and other perks.
The lawsuit, which seeks class-action status, also seeks unspecified damages as well as the removal of AIG’s top brass. It claims shareholders have lost $200 billion because of AIG’s gross mismanagement and corporate waste over the past 8 1/2 years.
Freedom Watch, a nonprofit organization that advocates for ethics in government, filed the lawsuit Thursday in U.S. District Court in Los Angeles.
