Trial of ex-Gen Re, AIG insurance execs begins
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HARTFORD, Connecticut  - Former executives at a reinsurance unit of billionaire Warren Buffett's Berkshire Hathaway Inc engaged in a fraud that misled investors in American International Group Inc , a U.S. prosecutor told jurors on Monday.
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A Houston-based jury is scheduled to begin deliberations this week on the guilt or innocence of the first former Enron executives to face a criminal trial.
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The Securities and Exchange Commission is considering a civil action against American International Group Inc. and its AIG Financial Products Corp.
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American International Group Inc.  AIG.N on Monday said it received new subpoenas from New York  Attorney General Eliot Spitzer and the U.S. Securities and  Exchange Commission related to insurance products that might  help companies smooth earnings or hide losses.
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HARTFORD (Bloomberg News) â Defense lawyers rested their case at the fraud trial of General Reinsurance executives accused of helping the American International Group mislead investors, without jurors hearing from the billionaire investor Warren E. Buffett.
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Nearly three years after Enron Corp.'s  dramatic collapse into bankruptcy, the first criminal trial  against the disgraced energy company's former employees is set  to kick off on Monday.
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Engineering firm Balfour Beatty and five railway managers are to go on trial for manslaughter over the Hatfield rail crash.
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A U.S. judge has ordered the General  Re Corp reinsurance unit of Warren Buffett's Berkshire Hathaway  Inc (BRKa.N) to produce internal investigation records in a  criminal trial of its former chief executive next month.
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Three people who allegedly sent America Online customers millions of junk e-mail messages touting penny stocks and other Internet gimmicks went on trial Tuesday in the nation's first such felony case.
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The trial of Richard Scrushy, the former chief executive of HealthSouth, the chain of rehabilitation hospitals, on fraud charges opens next week.
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NEW YORK -- Insurance giant American International Group Inc. said yesterday it has received subpoenas from New York Attorney General Eliot Spitzer and the Securities and Exchange Commission related to nontraditional insurance products and ''certain assumed reinsurance transactions."
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Nearly three years after Enron Corp.&#39;s dramatic collapse into bankruptcy, the first criminal trial against the disgraced energy company&#39;s former employees is set to kick off on Monday.
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American International Group, one of the world&#39;s largest insurance companies, has said that the Justice Department had begun a criminal investigation of one of its units over possible violations of federal securities laws.
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The first trial for one of the several thousand lawsuits that Louisiana homeowners filed against their insurers in federal court after Hurricane Katrina gets under way this week.
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HARTFORD, Conn., Jan. 7 -- The former chairman and chief executive of the world's largest insurer initiated a deal that led to five former executives being charged with participating in a scheme to manipulate the company's financial statements, a federal prosecutor said Monday during opening...
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The trial continues in Kansas City for former Westar executives David Wittig and Douglas Lake. Wittig&#39;s attorneys cross-examined the government&#39;s first witness, former Chief Administrative Officer Carl Koupal, on Thursday.
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New York Attorney General Eliot  Spitzer is launching a suit against several prominent  participants in the insurance industry, including AIG and  broker Marsh & McLennan Cos. MMC.N, charging they engaged in  market manipulation, Spitzer's office said.