NU Online News Service, Nov. 17, 4:02 p.m. EDT

Five executives convicted of producing a sham insurance contract deal between General Re Corp. and American International Group argued in the U.S. Court of Appeals that a district court committed multiple procedural missteps during their 2008 trial.

The U.S. Court of Appeals for the Second Circuit in New York heard arguments contending that the District Court in Connecticut erred in a number of areas, including not excluding evidence from the case, not properly instructing the jury on certain matters of law and allowing testimony from witnesses that the defendants deemed perjured.

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