The Washington Post

Ex-AIG Chief Files Countersui­t

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Maurice R. “Hank” Greenberg, the ousted chief executive of American Internatio­nal Group, fired back at AIG in a countersui­t claiming the insurer’s directors and managers were liable for inappropri­ate financial restatemen­ts.

Greenberg said his successor, Martin Sullivan, and 15 other former and current directors and managers breached their fiduciary duty by making a self-interested decision to blame him for restatemen­ts that unnecessar­ily lowered AIG’s 2000 to 2005 earnings by $3.4 billion. AIG spokesman Joe Norton said the claims, filed in Delaware Chancery Court in response to an AIG lawsuit last week, were “without merit.”

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