A lawyer for the New York Attorney General’s Office peppered Maurice “Hank” Greenberg with hours of questions on Tuesday, attempting to show he had played an intense, “hands on” role in trying to control losses from a failing auto-warranty insurance segment at American International Group, Inc.
In the first day of Greenberg’s direct testimony in the long-awaited civil fraud trial against him, David Nachman, a senior enforcement lawyer for the state, worked to paint Greenberg as a heavily involved CEO and chairman who considered the millions of dollars in losses hemorrhaging from AIG’s auto-warranty line to be a “debacle.”
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