Hank Greenberg, the former chief executive of insurer AIG, prevailed in a high-profile legal battle with his former company after a federal jury ruled in his favour over claims related to a $4.3bn lawsuit, the FT said. The jury ruled that Mr Greenberg’s private investment firm, Starr International Company,  did not breach a trust when it terminated a long-term compensation plan at the insurer four years ago and was not liable for about $4.3bn worth of shares held for that programme. The jury’s verdict is advisory and can still be overturned by the presiding judge.

This entry was posted by Stacy-Marie Ishmael on Wednesday, July 8th, 2009 at 4:13 and is filed under Capital markets, People. Tagged with aig, hank greenberg, Starr International Company. Edit this entry.