Tag Archives: AIG

Pedestrians walk past the American International Group Inc. (AIG) headquarters office in New York, U.S., Photographer: Victor J. Blue/Bloomberg

AIG Names Lucy Fato General Counsel, Succeeding Peter Solmssen

AIG Names Lucy Fato General Counsel, Succeeding Peter Solmssen

By Noah Buhayar, Bloomberg News American International Group Inc. named Lucy Fato, a veteran of Marsh & McLennan Cos. and a current executive at global investigations firm Nardello & Co., its general counsel. Fato will take the post on Oct. 16 and succeed Peter Solmssen, who’s been general counsel since 2016 and is returning to

Maurice "Hank" Greenberg, former chairman and chief executive officer of American International Group Inc. Photographer: Michael Nagle/Bloomberg

Greenberg Rejected by U.S. Supreme Court in Bid to Scuttle Trial

The U.S. Supreme Court turned away an appeal by Maurice “Hank”Greenberg, refusing to derail a fraud lawsuit by New York state against the former American International Group Inc. chairman. Three months after a trial in the case began in state court in Manhattan, the justices said they wouldn’t hear contentions by Greenberg and former AIG

Pedestrians walk past the American International Group Inc. (AIG) headquarters office in New York, U.S., Photographer: Victor J. Blue/Bloomberg

AIG’s GC Reflects on Bailouts, the Crisis and Time-Management

One day after the election, after numerous send offs including cocktails with the board of directors earlier this week, Tom Russo officially retired as AIG’s general counsel. “I have seen a lot, learned a lot, and contributed somewhat,” Russo, 73, wrote in an internal email sent out last week. In around 350 words, he expressed gratitude to his

Maurice "Hank" Greenberg, former chairman and chief executive officer of American International Group Inc. Photographer: Michael Nagle/Bloomberg

Ex-AIG Head Greenberg Finally Gets to Tell His Story at Trial

By Chris Dolmetsch, Bloomberg News Former American International Group Inc. Chairman Maurice “Hank” Greenberg is finally getting to tell his side of the story in a fraud lawsuit filed against him more than 11 years ago by then-New York Attorney General Eliot Spitzer. The 91-year-old World War II veteran took the witness stand in a Manhattan

Photo by Michael Nagle/Bloomberg

From Member of the Bar to Piano Bar: AIG’s Russo Weighs Next Gig

By Sonali Basak, Bloomberg News Tom Russo, who helped American International Group Inc. negotiate the end of its U.S. bailout, is retiring from his post as general counsel and considering opening a piano bar, among other endeavors. Russo, 72, will stay with the insurer until a replacement is found, Chief Executive Officer Peter Hancock said Tuesday in a message to

Big Law Business Summit

Legal Ops Panel: How Data is Changing Law Departments

Seeing what law firms look like is similar to seeing what Pluto looks like, and the “stunning” images we’re getting of that today. “We didn’t really know what Pluto looked like until we got data about that… and better data gives us better pictures. So as we continue to collect richer data from this whole

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Cybersecurity: The Looming And Growing Threat

Photo by Bob Mical (Flickr/ Creative Commons) Corporate legal spending on cybersecurity issues hit $1 billion last year, according to the BTI Legal Spending Outlook. It’s easy to see where this money is going: By 2018, more than 50% of organizations will use outsourced providers for security, Gartner predicts. Here are seven trends expected to impact CIOs, law

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