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Judge Refuses To Toss Suit Against Ex-AIG Chairman

Law360 (June 22, 2006, 12:00 AM EDT) -- A Delaware judge has thrown out a request by former American International Group Inc. chairman Maurice “Hank” Greenberg to stop a suit that alleged he reaped excessive payments from the company through a sham operation.

Vice Chancellor Leo Strine of the Delaware Court of Chancery said Wednesday that the Teachers Retirement Systems of Louisiana had brought a compelling case against Greenberg, two former AIG executives and C.V. Starr & Co. Inc., a company owned and operated by Greenberg and others.

The Louisiana pension fund launched the...
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