Articles by Chris Dolmetsch, Bloomberg

Greenberg Denies Getting Involved in Details of Reinsurance Deals

Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud allegations through friendly …

Greenberg: Managers’ Concerns Fueled Auto Warranty Reinsurance Deal

Less than an hour into the third day of testimony in the fraud trial of former American International Group Inc. Chairman Maurice “Hank” Greenberg, the judge took the reins. New York State Supreme Court Justice Charles Ramos interrupted Assistant Attorney …

Greenberg Pressed for Details on Auto-Warranty Program in Reinsurance Trial

A New York state court judge warned Maurice “Hank” Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions more fully. The admonishment came during Greenberg’s second day …

Ex-AIG CEO Greenberg Testifies in Reinsurance Trial

Former American International Group Inc. Chairman Maurice “Hank” Greenberg says he got personally involved in an “insignificant” business deal at the insurance giant 18 years ago to teach some managers a lesson. Now, that deal is part of a fraud …

Ex-AIG Chief Greenberg Won’t Surrender in 11-Year Old Reinsurance Fight

Even at 91, former American International Group Inc. Chairman Maurice “Hank” Greenberg isn’t ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the federal government in what some called a no-chance suit. Now, he’s …

Suit Alleges Valeant Ran Secret Prescription Refill Scam

Valeant Pharmaceuticals International Inc. refilled patients’ prescriptions without their permission and steered them to more expensive drugs in order to boost sales and profits, according to a lawsuit that sheds new light on the drug company’s secret operations. T. Rowe …

Retired Pro Wrestlers Sue WWE Over Head Injuries

World Wrestling Entertainment Inc. was sued on behalf of Jimmy “Superfly” Snuka and dozens of other retired wrestlers who claim the company hid the long-term effects of neurological injuries from years of being pounded in and out of the ring. …

Insurers Lose Bid to Dismiss Suit Over Bear Stearns Financial Crisis Settlement Costs

A decade ago, Bear Stearns Cos. agreed to pay $250 million to resolve regulators’ claims that it was at the center of a system that allowed clients to break mutual-fund trading rules. JPMorgan Chase & Co., which acquired the company …

Judge Again Refuses to Exit New York AG’s Suit Against Greenberg

Former AIG Inc. Chairman Maurice “Hank” Greenberg lost a second bid to have a judge remove himself from an eight-year-old lawsuit brought by the New York attorney general’s office. Greenberg in July asked Supreme Court Justice Charles Ramos to recuse …

Assured Guaranty, JPMorgan Settle Mortgage Litigation

Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s EMC Mortgage and Bear Stearns units of making misrepresentations about mortgage-backed securities. Assured Guaranty Corp., a New York-based unit of …