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April 08, 2005 at 08:00 PM
The U.S. Securities and Exchange Commission has taken legal action to protect information that officials believe may be relevant to the SEC investigation of American International Group Inc.[@@]
The SEC said Thursday that it had obtained a court order to prevent AIG, New York, and AIG’s former boss, Maurice Greenberg, from interfering with documents the SEC wants for its accounting probe of AIG.
Also named in the order, obtained from the U.S. District Court in New York, is Bermuda-based C.V. Starr & Company Inc., a private insurer that, according to a past finding by New York regulators, is the ultimate parent of AIG. Greenberg, who was replaced last month as chairman and chief executive officer of AIG, heads C.V. Starr.
Earlier this week, AIG’s current executives reported concerns about the possibility of documents being removed from AIG offices in Bermuda that AIG has been sharing with C.V. Starr.
The court order prohibits the parties named from interfering with the ability of the SEC to obtain “any and all documents in the respondents’ possession or control.”
