Investors Drop Claims Against Son Of AIG Ex-CEO

Law360, New York (September 15, 2009, 3:29 PM EDT) -- A federal judge in a shareholder derivative suit against American International Group Inc. has granted a motion by the plaintiffs to dismiss claims against Jeffrey Greenberg, son of the company's ex-CEO Maurice “Hank” Greenberg.

According to a motion to dismiss filed Friday and approved Monday in the U.S. District Court for the Southern District of New York, the plaintiffs have dropped the allegations against Jeffrey Greenberg without prejudice, but still have room to reassert the claims for up to three months after the adjudication of certain...
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