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September 07, 2006 at 11:18 PM
A lawyer for Maurice Greenberg, former chairman of American International Group Inc., says New York Attorney General Eliot Spitzer has agreed to narrow the scope of a civil fraud case against his client.
David Boies, Greenberg’s lawyer, says in a statement that Spitzer has agreed to drop “key claims” from the complaint, but Boies does not say which claims he believes Spitzer is dropping.
“We are confident that when all the facts are out, the remaining claims, which relate to accounting disputes involving much smaller amounts than the claims that are being dropped, will also be dismissed,” Boies says in the statement.
Boies says the remaining accounting disputes involve “accounting decisions that were undisputedly reviewed with, and approved by, AIG’s current management.”
Boies was not immediately available to answer questions about the statement.
Brad Maione, a Spitzer spokesman, says in comments made through electronic mail that the attorney general’s office has merely dropped AIG, New York, as a party to a $1.64 billion settlement negotiated in February.
That settlement did not include Greenberg, Maione says.
