(Bloomberg) — Ex-American International Group Inc. Chairman Maurice "Hank" Greenberg said New York's pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial next month.
The suit has "fallen apart" since it was filed by then-Attorney General Eliot Spitzer in 2005, as successors have been forced to abandon claims including damages, and all that is left is a case seeking "meaningless and duplicative relief," Greenberg, 89, said in a pre-trial memo filed Thursday.
The New York Attorney General's office "has become so blinded in the pursuit of a perceived trophy that it is prepared to rely on testimony that it knows to be false in an effort to obtain relief that it knows to be meaningless," Greenberg said. "This waste of court time — the trial will take at least four months — and of taxpayers' dollars should have ceased long ago."
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