The state Court of Appeals has postponed arguments in two casesincluding a high-profile, eight-year-old civil fraud case involving former American International Group CEO Maurice "Hank" Greenberguntil late May when the tribunal is expected to be fully staffed. The court is now shorthanded due to the November death of Judge Theodore Jones. Justice Sheila Abdus-Salaam of the Appellate Division, First Department, has been nominated for the slot and is expected to be confirmed by the Senate on May 6.
The AIG case, People v. Greenberg, 401720/2005, initiated in 2005 by then-Attorney General Eliot Spitzer, alleges that Greenberg and former CFO Howard Smith violated state Executive Law and the Martin Act. Last week, a federal judge in Manhattan approved a $115 million shareholder class action settlement (NYLJ, April 11). It is unclear how the settlement will impact the pending state case that had been slated for argument on April 30. Regardless, arguments have been rescheduled for May 28, according to court spokesman Gary Spencer.
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