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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Genesis AI Corp | CSE:AIG | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.025 | 0.02 | 0.025 | 0.025 | 0.025 | 0.025 | 165,559 | 19:02:36 |
Maurice R. "Hank" Greenberg, American International Group's (AIG) former chief executive, took the stand Tuesday afternoon in a long-running dispute over control of a block of shares held by Starr International Co., a one-time sister company to AIG.
Greenberg is a key witness in the dispute between Starr International, or SICO, and AIG over tens of millions of AIG shares held by SICO.
AIG has sued SICO for $4.3 billion in damages - representing the sale of tens of millions AIG shares since he left the insurer - and the return of more than 185 million shares SICO controls.
The jury trial is being heard in U.S. District Court in Manhattan and is expected to last a month.
Greenberg, who was forced out of AIG in 2005 amid investigations into the insurance company's accounting, is SICO's chairman.
-By Chad Bray, Dow Jones Newswires; 212-227-2017; chad.bray@dowjones.com
1 Year Genesis AI Chart |
1 Month Genesis AI Chart |
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