Ex-AIG, Gen Re Execs Set For Jan. Retrial Over $500M Scheme

Law360, Washington (February 29, 2012, 7:48 PM EST) -- Five former American International Group Inc. and General Re Corp. executives will face a new trial next January on criminal charges relating to a $500 million accounting scandal, a Connecticut federal judge ruled Tuesday, following the Second Circuit's reversal of their convictions.

In August, the Second Circuit threw out the criminal convictions of ex-Gen Re CEO Ronald Ferguson, ex-CFO Elizabeth A. Monrad, former senior vice presidents Christopher P. Garand and Robert D. Graham, and former AIG vice president Christian M. Milton. The lower court had allowed...
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