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AIG Ex-CEO Greenberg Eyes Reversing New York Fraud Case

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.

By Jonathan Stempel (Reuters) | Updated on May 15, 2012

(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.

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