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The two insurance giants American International Group Inc. and Berkshire Hathaway Inc. are blocking, striking and parrying in the talent market as Warren Buffet’s Berkshire moves into AIG’s market. Berkshire aggressed by hiring four senior AIG executives familiar…>read moreNo Comment September 13, 2013
In their civil suit against former American International Group CEO Maurice Greenberg, the office of the New York Attorney General is dropping a claim for damages. The decision was made to expedite the suit against Greenberg, who is being…>read more1 Comment April 26, 2013
A federal judge awarded class-action status to two groups of American Group Inc shareholders on Monday, according to Reuters. The status was granted in the $25 billion lawsuit by former Chief Executive Maurice Greenberg regarding losses caused by the…>read moreNo Comment March 12, 2013
Until today, A.I.G. was in a difficult spot, at the point of uncertainty, whether or not to join a suit against the very government that had so graciously bailed them out. In 2008, A.I.G. was faced with either bankruptcy or…>read moreNo Comment January 9, 2013
United States District Judge Paul Engelmayer dismissed the lawsuit filed by Maurice Greenberg that accused the Federal Reserve Bank of New York for unlawfully bailing out American International Group Inc during the financial crisis of 2008. The lawsuit was…>read more1 Comment November 19, 2012
Lawyers for American International Group Inc shareholders argued that the attorney general for New York should not postpone a $115 million settlement between them and the former chief executive of the insurer. The settlement was agreed upon in 2009…>read moreNo Comment September 19, 2012