Jury Rejects AIG's Claims Against Former CEO

Case is now in the hands of a New York federal judge, who will provide his own opinion on the breach of trust claim, which could set aside the jury's ruling

, The American Lawyer


Ted Wells may have delivered the most memorable lines in the AIG-Greenberg trial, but it was David Boies who provided the best arguments -- at least according to a federal jury, which needed just a few hours to return a verdict Tuesday in favor of Hank Greenberg's Starr International Co. AIG was seeking more than $4 billion in damages. The embattled insurance company claimed that after Greenberg was ousted from AIG in 2005, he caused SICO to take control of shares that were supposed to be held in trust for AIG.

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What's being said

  • Class Advocate

    AIG is probably the only company that can make Greenberg seem like a white knight. HEre is a list of pending class actions against AIG: http://www.classadvocate.com/?direct=y&category=defendant&defendant_root%5B%5D=14313&defendant_root%5B%5D=15440&defendant_root%5B%5D=14981

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