After eight years of legal wrangling, the state Court of Appeals yesterday affirmed that the state attorney general can pursue a civil enforcement action against two former executives of American International Group.
June 26, 2013 at 12:00 AM
1 minute read
ALBANY – After eight years of legal wrangling, the state Court of Appeals on Tuesday cleared the way for the state attorney general to pursue a civil enforcement action against two former executives of American International Group (AIG).
In a unanimous opinion by Judge Robert Smith (See Profile), the court held that the evidence that former AIG chairman and CEO Maurice "Hank" Greenberg and former CFO Howard Smith perpetrated a fraud is sufficient to withstand a summary judgment motion.
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