NY AG Drops Damages Bid In Suit Against Ex-AIG Chief

Law360, New York (April 26, 2013, 8:42 PM EDT) -- New York Attorney General Eric Schneiderman informed a state appeals court on Thursday that he is dropping his bid for damages in order to expedite a suit accusing ex-American International Group Inc. CEO Maurice Greenberg of misleading investors and regulators about the company's financial condition.

New York Solicitor General Barbara D. Underwood said in a letter to New York’s Court of Appeals that, in light of the recent approval of a $115 million settlement in a related securities fraud class action targeting Greenberg and other executives,...
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