A legal settlement Tuesday brought Duke another step closer to tying up the last pieces of the lacrosse case.
Duke and a subsidiary of the insurance company American International Group Inc. have settled a 2008 lawsuit Duke brought to recover expenses related to claims from the 2006 incident. AIG and Duke mutually agreed to dismiss the suit, Bloomberg News reported.
The terms of the settlement between Duke and National Union Fire Insurance Co., the AIG subsidiary, have not been disclosed. In 2008, a lawyer for AIG said the company offered Duke $5 million to end the case, Bloomberg News reported.
In an interview, Michael Schoenfeld, Duke’s vice president for public affairs and government relations, declined to comment. A spokesman for AIG declined to comment to Bloomberg News.