Ahold Resolves Pending Insurance Litigation with AIG
ZAANDAM, The Netherlands - Dutch retail giant Ahold on Friday said that it has settled all pending insurance coverage litigation with AIG Europe (Netherlands) N.V. regarding the directors and officers liability insurance policy for Ahold and its subsidiary U.S. Foodservice.
Under the terms of the settlement, the lawsuit filed by AIG in the District Court of Haarlem, The Netherlands and the lawsuit filed by U.S. Foodservice in the United States District Court for the District of Maryland (Northern Division) will both be terminated. No other terms or conditions of the settlement were disclosed in a statement released by Ahold.
Under the terms of the settlement, the lawsuit filed by AIG in the District Court of Haarlem, The Netherlands and the lawsuit filed by U.S. Foodservice in the United States District Court for the District of Maryland (Northern Division) will both be terminated. No other terms or conditions of the settlement were disclosed in a statement released by Ahold.