Former AIG chief Greenberg may face SEC civil charges - WSJ

mercoledì 21 maggio 2008 06:31
 

May 21 (Reuters) - Maurice "Hank" Greenberg, former chief executive of American International Group Inc (AIG.N: Quotazione), may face civil charges for his alleged role in an effort to improperly boost the insurer's financials, the Wall Street Journal reported Wednesday.

Greenberg received a "wells notice" from the Securities and Exchange Commission on Friday and may face charges over his role in transactions between AIG and Berkshire Hathaway's (BRKa.N: Quotazione) (BRKb.N: Quotazione) General Re unit, the newspaper said.

Greenberg was confident of his position on merits, the newspaper quoted Greenberg's lawyer as saying. (Reporting by Neha Singh in Bangalore; Editing by Kim Coghill)