It is the civil fraud trial of Maurice “Hank” Greenberg that has been coming for 11 years, winding its way through seven pretrial appeals and narrowing in scope as government lawyers abandoned parts of their case against the prominent insurance executive.
Former New York Attorney General Eliot Spitzer brought the case in 2005, and it began as a $6 billion lawsuit alleging nine different wrongful financial acts. Shortly before ascending to the governor’s mansion, Spitzer sued both Greenberg, who had just stepped down as American International Group Inc.’s powerful chief executive, and Howard Smith, AIG’s former chief financial officer.
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