AIG Sues Former Executives Over Alleged Trade Secret Theft to Launch Rival Insurance Firm

Insurance giant American International Group (AIG) has filed a lawsuit accusing three of its former senior executives of misappropriating confidential company information to establish a competing insurance firm in New Jersey. The ex-executives allegedly used trade secrets from AIG to gain a competitive edge for their startup, a move AIG contends is a violation of legal and ethical standards in the industry. For further details, you can read more about the case here.