Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years. The ruling Tuesday …
State securities regulators said they may have to rely more heavily on local laws to police banks and finance companies if President-elect Donald Trump and a Republican-controlled Congress roll back federal reforms introduced after the financial crisis. For example, New …
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 …
Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims against him, a lawyer for the state argued …
In an opinion piece published in today’s Wall Street Journal, two former New York governors are urging the New York Attorney General to stop the pursuit of Maurice “Hank” Greenberg in a case tied to accounting transactions. Mario Cuomo, a …
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case – against Bank of America over its acquisition of Merrill Lynch – looks …
When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office’s power. New York’s highest court is scheduled to hear arguments later …
