New York's attorney general is dropping a claim for damages in a high-profile civil lawsuit accusing the former chief executive of American International Group Inc, Maurice “Hank” Greenberg, of defrauding investors, according to a letter sent by the attorney general's office April 25.
The 2005 lawsuit filed by then-Attorney General Eliot Spitzer against Greenberg and former AIG chief financial officer Howard Smith sought as much as $6 billion in damages.
In an April 25 letter to the New York Court of Appeals, New York Solicitor General Barbara Underwood wrote that the state would still be pursuing the civil fraud case against the defendants but would not be seeking damages, in order “to avoid further delay and expedite the trial of the state action.”
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