$19B Tug-O-War Pits AIG Against Its Former CEO

Law360, New York (October 18, 2005, 12:00 AM EDT) -- American International Group Inc. and its former chief executive are both claiming control over $19 billion in AIG stock that was once used to provide bonuses to top-performing executives.

Maurice R. Greenberg, who stepped down as CEO amid a flurry of accounting investigations, is currently head of Ireland-based Starr International Co. Inc., the private company that holds the stock in question and recently fell out of its 30-year relationship with AIG.

Starr International filed the suit Monday in the U.S. District Court for the Southern District...
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