Ex-AIG, General Re Officers Win Retrial After Convictions Tossed
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A former executive at American International Group Inc. and four at General Reinsurance Corp. won reversal of their convictions on charges that they defrauded AIG investors of as much as $597 million.
The U.S. Court of Appeals in New York yesterday ordered a new trial for ex-General Re Chief Executive Officer Ronald Ferguson, ex-Chief Financial Officer Elizabeth Monrad, ex-Senior Vice President Christopher Garand and ex-Assistant General Counsel Robert Graham. Former AIG Vice President Christian Milton also won a new trial. Federal jurors in Hartford, Connecticut, convicted them in 2008 after a six-week trial.