Ex-AIG chief Greenberg's bid to toss N.Y. case rejected

April 16, 2015 4:20 PM

51 0

NEW YORK, April 16 (Reuters) - A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer.

The court found that the New York attorney general's claim for Greenberg to disgorge millions of dollars in allegedly ill-gotten bonuses was "legally viable."

Also read: Appeals Court Revives Lawsuit by Abu Ghraib Inmates

Read more

To category page