Five former executives convicted in an allegedly fraudulent reinsurance transaction between AIG and Gen Re that was intended to boost the slumping stock price of AIG were granted a new trial yesterday.
The U.S. Court of Appeals for the Second Circuit vacated the convictions of former Gen Re officials Ronald Ferguson, the one-time CEO; Chief Financial Officer Elizabeth Monrad; assistant general counsel Robert Graham; and senior vice president Christopher Garand as well as AIG’s former head of reinsurance, Christian Milton.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]