Ex-Gen Re Execs Ask 2nd Circ. For Conviction Reversal

Law360, New York (November 17, 2010, 6:18 PM EST) -- Former executives of General Reinsurance Group urged an appeals court on Wednesday to reverse their fraud convictions associated with a $500 million accounting scandal at American International Group Inc., alleging prosecutors misrepresented facts to the jury.

Lawyers for five defendants, including Gen Re's ex-CEO Ronald Ferguson, told a panel in the U.S. Court of Appeals for the Second Circuit that prosecutors' misuse of insurance terms, among other problems, warrants a reversal in the case, which is related to AIG's alleged use of fraudulent reinsurance deals to...
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