Ex-AIG Head To Collaborate In SEC Reinsurance Probe

Law360, New York (September 11, 2007, 12:00 AM EDT) -- Former American International Group Inc. chairman Maurice “Hank” Greenberg has reportedly agreed to testify before the U.S. Securities and Exchange Commission as part of the commission's long-running investigation into his former company's shady finite-reinsurance deals.

Greenberg agreed to testify later this month after receiving a subpoena from the SEC, David Boies of Boies, Schiller & Flexner LLP told Dow Jones News. The testimony will be connected to the agency's industry-wide probe into allegedly sham finite insurance and reinsurance transactions.

Boies and a spokeswoman for the law...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.