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NEW YORK (Reuters)—The judge overseeing New York's lawsuit against former American International Group Inc. CEO Maurice R. Greenberg on Monday denied a motion urging him to quit the case.
Mr. Greenberg sought to have New York State Supreme Court Justice Charles Ramos removed because he appeared to be biased, citing statements he had made about facts underlying the case.
Justice Ramos denied the motion, saying an appeals court put the case on hold. The judge said Mr. Greenberg could refile his motion once the stay was lifted.
Former New York Attorney General Eliot Spitzer sued Mr. Greenberg in 2005, alleging Mr. Greenberg structured transactions to hide AIG's losses. Eric Schneiderman, the current attorney general, has taken over the case for the state.
The case is New York vs. Greenberg et al., New York State Supreme Court, New York County, No. 401720/2005.
NEW YORK—Former American International Group Inc. leader Maurice R. Greenberg could go on trial in May over his role in a sham reinsurance deal that prosecutors said was designed to hide AIG’s losses and inflate the insurer’s reserves.