Securities Law Prof Blog

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

Tuesday, May 20, 2008

Greenberg Implicated in AIG-Gen Re Case

The judge who presided over the trial of five former insurance executives found guilty for their role in a sham deal between AIG and General Re to boost AIG's loss reserves stated that there was "sufficient evidence" for a jury to conclude that the scheme begann with a phone call made by former AIG CEO Maurice Greenberg.  Greenberg has not been indicted and has maintained his innocence.  WSJ, Greenberg Role Seen In AIG-Gen Re Case.

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