(Reuters) – Former American International Group Inc Chief Executive Maurice “Hank” Greenberg said New York's attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions.
Greenberg and co-defendant Howard Smith, AIG's former chief financial officer, sought permission on Monday to appeal to the state's highest court, the Court of Appeals, a May 8 appellate ruling letting Attorney General Eric Schneiderman pursue civil fraud claims against them under the state's Martin Act.
That ruling by the Manhattan appeals court cleared the way for the 7-year-old case to go to trial.
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