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Another Round In Greenberg, Starr Vs. AIG

American International Group has no legal right to $20 billion of its stock held by Starr International Company==headed by its former chief executive officer, ...

By Daniel Hays | Updated on March 11, 2005

American International Group has no legal right to $20 billion of its stock held by Starr International Company==headed by its former chief executive officer, Maurice Greenberg==SICO said in its latest court papers.

The claim was made in a filing yesterday in U.S. District Court in Manhattan, where the two entities have been firing salvos in a legal battle since July in the wake of Mr. Greenberg’s ouster as AIG chairman and CEO amid an investigation of improper AIG accounting.

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