|
|
Article: SICO wins key battle in war over AIG shares.(Starr International Company Inc.)(American International Group Inc.)
- Article from:
- Business Insurance
- Article date:
- July 20, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: COLLEEN McCARTHY
Maurice R. Greenberg's Starr International Co. Inc. has won a key round in its fight with former sister company American International Group Inc. over a special block of AIG shares, but the dispute is far from resolved.
After a July 7 jury verdict that found in favor of SICO, AIG's lead attorney indicated an appeal is likely after the judge issues a final ruling on a key issue in the case later this summer.
"This case has a long way to go before it is over, and until all appeals are exhausted, it is premature to engage in postmortems,'' AIG attorney Theodore V. Wells Jr. of Paul, Weiss, Rifkind, Wharton & Garrison ...