May 6 (Reuters) - MG Unit Trust MGC.AX :
* MURRAY GOULBURN COMMENCED PROCEEDINGS IN FEDERAL COURT OF AUSTRALIA AGAINST AIG (NYSE:AIG) AUSTRALIA
* PROCEEDINGS TO RECOVER PORTION OF ENDEAVOUR RIVER SETTLEMENT AMOUNT & COSTS OF DEFENDING ENDEAVOUR RIVER AND WEBSTER PROCEEDINGS
* AMOUNT SOUGHT TO BE RECOVERED TOTALS ABOUT $8.85 MILLION