New York AG Schneiderman News

Greenberg Fights New York AG’s Spin on Reinsurance Saga

Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group Inc. CEO Maurice “Hank” Greenberg over two reinsurance transactions that purportedly gave an improper boost to the company’s financial statements. …

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 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 …

11 Years After Spitzer Sued, Greenberg’s Trial Over Reinsurance Begins

It’s a day of reckoning — or the moment of truth — for former American International Group Inc. head Maurice “Hank” Greenberg. More than 11 years after he was sued by former New York Attorney General Eliot Spitzer, Greenberg went …

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 …

Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal

Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed in his 11-year-old quest to escape civil fraud charges. The New …

More Firms Could Feel Heat from New York AG’s Climate Change Disclosure Win

The New York state attorney general’s office, which told Peabody Energy this week to give investors more details about how its sales would suffer from measures to curb global warming, is now mulling whether the tactic it used with the …

Greenberg Wants State’s High Court to Nix New York AG’s Fraud Case

In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice “Hank” Greenberg is seeking permission to ask New York’s highest court to throw out the accounting fraud case against him. Greenberg, who turns 90 next month, …

Greenberg Calls New York Fraud Suit Waste of Time, Money

Ex-American International Group Inc. Chairman Maurice “Hank” Greenberg said New York’s pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial next month. The suit has “fallen apart” …