AIG has filed a lawsuit against seven former executives, including Maurice R. "Hank" Greenberg, alleging a breach of fiduciary duty in connection with the handling of a block of AIG shares worth about $20 billion, according to court documents.
The shares, which make up 9 percent of AIG stock, are owned by Starr International Company Inc. (SICO), controlled by Mr. Greenberg.
The lawsuit, filed in the New York State Supreme Court, New York County, also names Howard I. Smith, Edward E. Matthews, Ernest E. Stempel, L. Michael Murphy, John J. Roberts and Houghton Freeman.
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