SUBSCRIBERS

Ex-AIG chairman due in court to fight 11-year-old lawsuit

Published Sun, Sep 11, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    New York

    EVEN at 91, former American International Group Inc chairman Maurice "Hank" Greenberg is not ready to quit fighting.

    Greenberg scrapped with regulators and the Internal Revenue Service and beat the federal government in what some called a no-chance suit. Now, he is set to march into state court in Manhattan to fight an 11-year-old lawsuit accusing him of using sham transactions at AIG to hide the company's financial troubles from shareholders. Opening statements are scheduled for Tuesday.

    Share with us your feedback on BT's products and services