Securities Law Prof Blog

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

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Monday, May 12, 2008

Greenberg Calls for Postponement of AIG Annual Meeting

Maurice Greenberg, who was forced out as AIG's CEO after an accounting scandal and who remains CEO of AIG's largest shareholder, C.V. Starr & Co., filed a 13D with the SEC, stating that AIG is "in crisis" and calling for a postponement of the annual meeting scheduled for this week.  Last week AIG announced a first quarter net loss of $7.81 billion, the largest loss in the company's history.

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