Advisory Jury Finds For Starr In $4.3B AIG Stock Spat

Law360, New York (July 7, 2009, 12:00 AM EDT) -- An advisory jury has reportedly found that Starr International Co., the investment firm led by former American International Group Inc. CEO Maurice “Hank” Greenberg, did not improperly convert a $4.3 billion block of AIG shares from a retirement fund, as the insurance giant alleges.

The jury decision came late Tuesday afternoon, but the judge will issue a final ruling by the end of August, according to The New York Times.

The jury found that Starr was not obligated to reimburse AIG for shares it removed from...
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