ALBANY – After eight years of litigation and roughly $1.7 billion in federal court settlements and fines, is there any authorityor even any pointin continuing to pursue former American International Group officials in a state civil enforcement action?
That was the underlying question yesterday before the Court of Appeals as attorneys for the state and former AIG leaders Maurice "Hank" Greenberg and Howard Smith debated the continued viability of claims brought under New York investor protection laws.
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