A lawyer for Maurice Greenberg, American International Group's ousted chairman and chief executive officer, said that the New York Attorney General's Office has agreed to drop "key claims" in the civil fraud case against his client.
However, Brad Maione, a spokesman for New York Attorney General Eliot Spitzer, reacting to the announcement by Mr. Greenberg's attorney–David Boies–said: "We believe the core of our case remains."
Mr. Maione, in a later e-mail, said that the changes in the case involved dropping AIG as a party, under the settlement that was reached by the company in February.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.