Ex-AIG CEO Greenberg seeks dismissal of case

The N.Y. State Attorney General’s office accuses the executive of approving sham financial transactions

Hank Greenberg, the former CEO of American International Group Inc. (AIG), is headed to court on Tuesday to argue for the dismissal of a lawsuit against him.

Former N.Y. Attorney General Eliot Spitzer first sued Greenberg, along with AIG’s former chief financial officer Howard Smith, in 2005, accusing the pair of using fake transactions to hide the insurance company’s financial woes. Current N.Y. AG Eric Schneiderman has pursued those charges, even as he dropped a claim for damages against Greenberg earlier this year.

Alanna Byrne

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