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A California jury has slammed three AIG insurance subsidiaries with $55 million in breach of contract and bad faith damages—including $46 million in punitives. The verdict followed a dramatic, if not bizarre, trial that saw the judge impose sanctions over AIG discovery shenanigans, while a key company witness took the Fifth Amendment to avoid perjury charges.

Source: AIG Subsidiaries Get Slammed With Punitives Following Contentious Trial | Corporate Counsel