Two ongoing industry legal battles saw recent developments, as an appeals court vacated the convictions of former General Reinsurance Corp. and American International Group executives; and Liberty Mutual Group says it likely will appeal the preliminary approval given to a $450 million settlement between AIG and other companies stemming from a workers' compensation program dispute.
A panel of judges in the U.S. Second Circuit Court of Appeals in New York ordered a new trial for Ronald Ferguson, former CEO of GenRe; Elizabeth Monrad, former CFO of the company; Christopher Garand, former senior vice president; and Robert Graham, former assistant general counsel.
Christian Milton, former vice president at AIG, also won a new trial.
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