A lawyer for the New York Attorney General's Office peppered Maurice "Hank" Greenberg with hours of questions on Tuesday, attempting to show he had played an intense, "hands on" role in trying to control losses from a failing auto-warranty insurance segment at American International Group, Inc.
In the first day of Greenberg's direct testimony in the long-awaited civil fraud trial against him, David Nachman, a senior enforcement lawyer for the state, worked to paint Greenberg as a heavily involved CEO and chairman who considered the millions of dollars in losses hemorrhaging from AIG's auto-warranty line to be a "debacle."
"You thought the business was a debacle?" Nachman asked Greenberg at one point, his voice rising.
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Jason Grant
Jason Grant is a staff writer covering legal stories and cases for the New York Law Journal, the National Law Journal and Law.com, and a former practicing attorney. He's written and reported previously for the New York Times, the Star-Ledger, the L.A. Times and other publications. Contact him at [email protected]. On Twitter, pls find him @JasonBarrGrant
