High court turns away appeal from former AIG executives
Civil Litigation News
The Supreme Court won't hear an appeal from two former American International Group executives seeking to avoid civil fraud claims on charges they hid hundreds of millions of dollars in losses from investors.
The justices on Monday let stand a lower court ruling that said former chief executive officer Maurice Greenberg and former chief financial officer Howard Smith must stand trial.
New York state has accused the former executives of manipulating AIG's accounting records to hide hundreds of millions of dollars in losses from investors.
The state seeks an order banning Greenberg from working in the securities industry or as an executive for any public company. It also is seeking $53 million, including bonuses Greenberg received during the period he is alleged to have manipulated the company's finances.
Related listings
-
Supreme Court strikes down 2 NC congressional districts
Civil Litigation News 07/26/2017The Supreme Court struck down two congressional districts in North Carolina Monday because race played too large a role in their creation.The justices ruled that Republicans who controlled the state legislature and governor's office in 2011 placed to...
-
Court revives black TV network's discrimination lawsuit
Civil Litigation News 07/23/2017A federal appeals court has revived a lawsuit claiming that a North Carolina city discriminated against an African-American-owned television network.A divided three-judge panel of the 4th U.S. Circuit Court of Appeals on Friday reversed a lower court...
-
High court ruling may give voter rights groups a strong tool
Civil Litigation News 07/13/2017The Supreme Court's ruling that two North Carolina congressional districts relied too heavily on race should give voting-rights advocates a potent tool to fight other electoral maps drawn to give Republicans an advantage in the state.The justices agr...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.