American International Group has no legal right to $20 billionof its stock held by Starr International Company==headed by itsformer chief executive officer, Maurice Greenberg==SICO said in itslatest court papers.
The claim was made in a filing yesterday in U.S. District Courtin Manhattan, where the two entities have been firing salvos in alegal battle since July in the wake of Mr. Greenberg's ouster asAIG chairman and CEO amid an investigation of improper AIGaccounting.
According to the documents, SICO has furnished 700,000 pages ofmaterial to state and federal investigators probing AIG.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
