Archive for the ‘Insurance’ Category

AIG sues its former chief executive for misappropriation of shares

AIG – Amercian International Group, the world’s leading insurance firm, has sued its ex- chief executive Maurice ‘Hank’ Greenberg declaring that he siphoned off 9.9 pounds of its shares. The lawsuit was filed against Mr Greenberg and six other ex-employees of AIG alleging that during 2005 they have misappropriated a particular block of AIG shares. […]

Posted by uk-biz on March 29th, 2008

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