Houghton Freeman

Two Bermuda residents have been accused of breach of fiduciary duty in a civil complaint filed by American International Group Inc. at the Supreme Court of the State of New York, New York County, on March 26, 2008 Ernest E. Stempel and L. Michael Murphy are defendants alongside Maurice R. Greenberg, a resident of New York; Howard I. Smith, a resident of New York; Edward E. Matthews, a resident of New Jersey; John J. Roberts, a resident of Maryland; and Houghton Freeman, a resident of Hawaii. The causes of action are breach of fiduciary duty as AIG directors against Greenberg and Smith and, against all defendants, breach of fiduciary duty as fiduciaries of AIG, and aiding and abetting breach of fiduciary duty.