Getting your player ready...
NEW YORK — Maurice “Hank” Greenberg, former chairman of American International Group Inc., ordered the closing of U.S. accounts holding 290 million shares of AIG stock used to fund an employee retirement fund, jurors heard Wednesday.
Greenberg, 84, testified at a civil trial about how the private company holding the shares, Starr International Co., moved them from New York to Bermuda in a private jet Sept. 28, 2005. One day earlier, AIG had sued Starr, claiming it looted the insurer of $4.3 billion in company shares after Greenberg’s ouster in March 2005 amid an accounting scandal.
