Former AIG Exec Fights To Escape Securities Action

Law360, New York (May 14, 2009, 12:00 AM EDT) -- Claiming that shareholders can pin nothing on him, a former American International Group Inc. senior director has asked a court to throw out claims against him in a consolidated securities class action alleging book-cooking by the insurer and its executives.

In his motion for judgment on the pleadings, filed Wednesday in the U.S. District Court for the Southern District of New York, L. Michael Murphy argued that the plaintiffs' 541-page third amended complaint failed to attribute to him any fraudulent statement or deceptive conduct on which...
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