In Suit, Ex-A.I.G. Chief Says Others Are Liable for Restatement
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Maurice R. Greenberg sued 16 current and former executives and directors to hold them liable for a results restatement.
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American International Group Inc. said it has been informed by the Securities and Exchange Commission that it could face a civil action over three of the company's press releases, two of which came out in recent weeks.
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A former marketing executive, in a legal battle, accuses the companyâs chief of violating its policies.
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American International Group Inc., the world&#39;s largest insurer, said the Securities and Exchange Commission may sue it for failing to disclose that the regulator is probing transactions with two unidentified insurers.
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New York Attorney General Eliot Spitzer sued Marsh &amp; McLennan Cos. and arrested two American International Group Inc. executives in a fraud probe he said touches ``virtually every line
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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.
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American International Group Inc.  AIG.N, which faces a possible lawsuit by U.S. securities  regulators over helping a major banking client hide bad loans,  said on Monday regulators may also sue it for what they called  "false and misleading" statements made to investors.
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HARTFORD, Connecticut  - A transaction at a reinsurance unit of Berkshire Hathaway Inc that federal prosecutors say defrauded American International Group Inc  investors was endorsed by Warren Buffett, a lawyer for one of five defendants on trial for fraud said on Monday.
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Brokers required to provide competing bids have been taking payoffs from insurance companies, New York's attorney general charged today.
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Among those criticized is George J. Tenet, the former C.I.A. chief, whom President Bush awarded a Medal of Freedom.
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American International Group Inc.  AIG.N, the world's largest insurer by market value, on Monday  said the U.S. Securities and Exchange Commission may take civil  action against it for issuing "false and misleading" statements  to investors.
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Gregory L. Reyes, the former chief executive of Brocade Communications, is accused of misleading investors by backdating stock option grants, among other things.
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The former legal counsel for McAfee is facing federal charges of improperly backdating stock options at the security software company.
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Gregory L. Reyes, the former C.E.O. of Brocade Communications Systems, faces charges of fraud related to stock options backdating.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker sued by New York Attorney General Eliot Spitzer last week for its business practices, said on Monday
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A San Diego insurance brokerage has been sued by New York Attorney General Elliot Spitzer for allegedly soliciting payoffs in exchange for steering business to preferred insurance companies.
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New York&#39;s attorney general sued the nation&#39;s leading insurance brokerage yesterday, accusing brokers of taking payoffs to steer clients to insurance companies that were not necessarily offering the lowest prices for their policies.