Ex-AIG chair fails to throw out lawsuit

Maurice Greenberg, former chair of insurer AIG, is a step nearer to facing a lawsuit aimed at barring him from the securities industry, after losing a pre-trial skirmish. The lawsuit, which was started by Eliot Spitzer when he was New York’s attorney general and was taken on by his successor, current attorney general Eric Schneiderman, suggests Greenberg was aware of a fraudulent transaction made under his watch.

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