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Article: Greenberg and AIG in court
- Article from:
- The Independent (London, England)
- Article date:
- June 16, 2009
- Author:
CopyrightCopyright 2009 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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A central issue in the vicious feud between Hank Greenberg, the
octogenarian insurance industry legend, and AIG, the company he used
to run, is finally getting an airing in a New York court, where the
$4.3bn (2.6bn) case began yesterday with a stern warning from the
judge.
"This is a case about an alleged trust and an alleged conversion
of valuable shares," Judge Jed Rakoff said. "It's not a forum for
airing all of the innumerable other issues, most of which are
resolved, regarding Mr Greenberg, Starr, AIG bonuses, investigations
and what have you."
Judge Rakoff dismissed Mr Greenberg's request that issues
surrounding the US government's bailout of AIG last autumn be
presented as evidence. ...