Dueling lawyers put very different spins on the implications of a move last week by the New York attorney general's office to drop a number of charges in the civil case against Maurice Greenberg, American International Group's ousted chairman and chief executive officer, over allegations of improper accounting.
Mr. Greenberg's attorney, David Boies, said last week the AG's office had agreed to drop "key claims" in the case against his client. However, Brad Maione, a representative for New York Attorney General Eliot Spitzer, reacting to that statement, said: "We believe the core of our case remains."
In rebuttal, Howard Opinsky, speaking for the Greenberg legal team, said that "a civil case is about dollars, and the dollars don't add up."
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