The Wall Street Journal Blog reports that the Delaware Chancery Court refused to dismiss a case against AIG this week. The 2002 lawsuit was “brought by a Lousiana pension fund against Hank Greenberg over alleged improper payments made to the former AIG chairman through his holding company C.V. Starr. Two other top AIG executives are also named in the dispute. The pension fund, which held shares of AIG, alleges that Starr was merely a shell that allowed AIG execs to enrich themselves at the company’s expense, and seeks to return monies to the company. ” Here is the link:
Law Blog – Hank Greenberg & the Law