(Bloomberg) — Maurice "Hank" Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot Spitzer's lawsuit accusing him of fraud.
The state claims Greenberg, 89, and former AIG Chief Financial Officer Howard Smith bear responsibility for allegedly sham transactions with General Reinsurance Corp. in 2000 and 2001 that inflated AIG's loss reserves by $500 million.
New York State Supreme Court Justice Charles Ramos in Manhattan today scheduled a trial to start the week of Jan. 19 after the two sides exchange lists of potential experts and witnesses.
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