Ex-American International Group (AIG) CEO Maurice "Hank" Greenberg may pursue defamation claims against his longtime foil, former New York Gov. Eliot Spitzer, who said that Greenberg was guilty of fraudulent accounting practices, a state appeals court ruled.

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'Actual malice'

Writing for a four-judge panel of the Appellate Division, Second Department, Justice Cheryl Chambers said that a Putnam County judge properly found Spitzer's public statements about Greenberg were made with actual malice to "discredit Greenberg and damage his reputation and career" while bolstering his own.

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Andrew Denney

Andrew Denney is the bureau chief for the New York Law Journal. He can be reached at [email protected]. Twitter: @messagetime