The US insurance company AIG has agreed to pay $US725 million to settle a long-running fraud case against it.
The settlement is likely to be one of the biggest in US history, the BBC reports.
It follows a class action lawsuit led by three Ohio pension funds whose shareholders, they say, lost millions due to AIG's actions.
The class action alleged AIG had engaged in stock price manipulation, anti-competitive behaviour and accounting fraud between 1999 and 2005.
The court now needs to give its approval before payments can be made.
AIG is now 80% owned by the US government following a massive bailout of the company at the height of the financial crisis.
