New York City

American International Group squared off in federal court last week with its former top executive, Maurice Greenberg, in a battle over ownership of a block of AIG stock shares originally intended to serve as incentive compensation for employees.

The jury in U.S. District Court in Manhattan–in a civil trial presided over by Judge Jed S. Rahoff–will have to decide who has ownership rights to stock possessed by Starr International Company, which is headed by Mr. Greenberg, where he landed after being ousted as AIG’s chair and CEO.

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