A day after American International Group's former chairman, Maurice Greenberg, filed papers accusing AIG's new management of costly blunders in a financial restatement, the company filed a $1 billion-plus lawsuit against him.

Mr. Greenberg's charges were made Tuesday in defending against a New York business fraud suit filed by that state's attorney general. AIG's new action was filed yesterday in Delaware Court of Chancery.

The AIG suit accused Mr. Greenberg and the company's former chief financial officer, Howard Smith, of improper moves that resulted in, among other things:

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