Ex-AIG, Gen Re Execs In Settlement Talks With US

Law360, New York (May 25, 2012, 8:43 PM EDT) -- Federal prosecutors are discussing settling a high-profile criminal case against five former executives of General Reinsurance Corp. and American International Group over a $500 million accounting scandal that included securities fraud charges, a motion filed Thursday revealed.

Talks to hammer out a global settlement follow the Second Circuit's August decision to toss the criminal convictions of ex-Gen Re CEO Ronald Ferguson, ex-CFO Elizabeth Monrad, former vice presidents Christopher Garand and Robert Graham, and former AIG Vice President of Reinsurance Christian Milton.

U.S. prosecutors and the former...
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