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Article: Greenberg launches counterattack on AIG; Ex-chief sues directors, managers and auditor.(News)(American International Group Inc.)(Maurice R. Greenberg )

Article from:
Business Insurance
Article date:
June 25, 2007
Author:
Copyright

Byline: RUPAL PAREKH

WILMINGTON, Del.-Firing back at a $1 billion lawsuit filed against him by his former company, Maurice R. Greenberg last week sued 16 current and former American International Group Inc. directors and executives, the insurer's longtime auditor and an outside consultant.

The former AIG chairman and chief executive officer brought the suit just one week after AIG stepped in and took over a shareholder derivative suit that seeks more than $1 billion from Mr. Greenberg and former Chief Financial Officer Howard I. Smith for alleged wrongdoing and resulting losses to the company (BI, June 18).

Mr. Greenberg's suit, filed in the ...

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