Wednesday, June 20, 2007

UPDATE 1-Greenberg sues AIG execs, directors over restatement

(Reuters) - NEW YORK, June 20 - Maurice "Hank" Greenberg, the
former American International Group Inc. chief
executive, sued 16 current and former executives and directors,
seeking to hold them liable for a results restatement and $1.64
billion regulatory settlement he considered unnecessary.




The complaint was filed on Wednesday in Delaware Chancery
Court in response to a lawsuit that the world's largest insurer
filed last week against Greenberg and former Chief Financial
Officer Howard Smith, seeking more than $1 billion in damages.


Read more at Reuters.com Government Filings News

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