Terminated AIG Employee Sued for Misappropriation of Confidential Information

A former executive in AIG's Accounting Policy Office has been sued for breach of her company nondisclosure/confidentiality agreement. AIG's complaint alleges Dong Chung was a poor performer who received numerous demerits for her work with the company and that she attempted to extort a settlement based on threats that she was going to share damaging information with the SEC and Eliot Spitzer, the new Governor and former Attorney General of the State of New York.

This case represents a hybrid of many of the cases we've followed and covered on this blog - a cross between the allegedly disloyal employee and the employee who had significant access to a company's crown jewels of information. The mix, as the lawsuit suggests, can be toxic. We'll keep an eye on this one for you.