Hank Greenberg, the former chief executive of insurer AIG on Tuesday prevailed in a high-profile legal battle with his former company after a federal jury ruled in his favour over claims related to a $4.3bn lawsuit.
The jury ruled that Mr Greenberg's private investment firm, Starr International Company (Sico), did not breach a trust when it terminated a long-term compensation plan at the insurer four years ago and was not liable for about $4.3bn worth of shares held for that programme.
The jury's verdict, which comes after four and half hours of deliberation, is advisory and can still be overturned by Judge Jed Rakoff, who is expected to make a final decision by next month.
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