ALBANY – The long-lingering civil fraud case against American International Group and its former CEO, Maurice "Hank" Greenberg, took an unusual twist last week with the state attorney general and the AIG camp dueling over the impact of a federal court settlement in a parallel case, and whether it may affect an appeal slated for argument next month in the New York Court of Appeals.
Letters to the court from Solicitor General Barbara Underwood and David Boies of Boies, Schiller & Flexner on April 25 and 26, respectively, raise a question of what exactly is before the state court now that Southern District Judge Deborah Batts (See Profile) has approved a $115 million settlement in a federal class action.
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