Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Thursday, June 14, 2007

AIG Sues Greenberg, Smith

In response to a shareholders' demand, and after a special investigation, AIG is taking over a litigation filed as a shareholders' derivative suit against its former CEO Maurice "Hank" Greenberg and former-CFO Howard Smith for more than $1 billion in damages resulting from AIG's accounting scandal that was exposed by then- New York Attorney General Spitzer.  Greenberg's lawyer, David Boies, says it's "old news."  See WSJ, AIG Sues Greenberg, Smith For Over $1 Billion in Damages.

http://lawprofessors.typepad.com/securities/2007/06/aig_sues_greenb.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e0097f4b958833

Listed below are links to weblogs that reference AIG Sues Greenberg, Smith:

Comments

Post a comment