Former AIG supremo sues insurer for 'ruining' fortune

The former chief executive of American International Group is suing the company he led for 38 years, saying the giant insurer misled investors about its exposure to sub-prime mortgages.

Former AIG supremo sues insurer for 'ruining' fortune
Tue, 03 Mar, 2009 - 07:40

The former chief executive of American International Group is suing the company he led for 38 years, saying the giant insurer misled investors about its exposure to sub-prime mortgages.

Maurice “Hank” Greenberg, 83, claimed in papers filed in Manhattan yesterday that the company, once the world’s largest insurer, had ruined his fortune by lying about its financial health.

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CourtsBusinessHeathrowPlace: ManhattanPlace: New YorkPerson: Maurice “Hank” GreenbergPerson: GreenbergPerson: Christina PrettoOrganisation: AIGOrganisation: American International GroupOrganisation: US government
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