Former AIG boss could be in the witness box on Tuesday
AIG and it s former chief executive Hank Greenberg meeting in court today over a $4.3bn lawsuit that is expected to expose AIG’s inner workings under Greenberg, the FT and Bloomberg report.
Greenberg, who left AIG in 2005 is likely to be its star witness and could take the stand on Tuesday.
The four-year-old case centres on AIG shares held by Starr International Company (Sico), a firm controlled by Mr Greenberg and other former AIG executives.
The shares were used to compensate AIG executives until 2005, and the insurer claims it should be given the stock and the $4.3bn Sico made when it sold some of its stake in the company.