Friday, September 30, 2005

 

AIG sues Greenberg firm

American International Group started a legal battle with former Chief Executive Maurice "Hank" Greenberg this week over control of more than $17 billion of its shares.

Starr International Company Inc. (SICO), a private Bermuda-based firm headed by Greenberg owns about 290 million AIG shares, or about 12% of the outstanding stock, according to documents the insurer filed in U.S. district court in the southern district of New York this week.

AIG sues Greenberg firm
Source: CBS Marketwatch

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