High court turns away appeal from former AIG executives
WASHINGTON — The Supreme Court won’t hear an appeal from two former American International Group executives seeking to avoid civil fraud claims on charges they hid hundreds of millions of dollars in losses from investors.
The justices on Monday let stand a lower court ruling that said former chief executive officer Maurice Greenberg and former chief financial officer Howard Smith must stand trial.
New York state has accused the former executives of manipulating AIG’s accounting records to hide hundreds of millions of dollars in losses from investors.