Bsfllp Description

Home

Print this page

BSF Wins $4.3 Billion Court Battle & Settles All Remaining Legal Disputes for Client Starr International

In The News

David Boies and his team at BSF successfully defended Starr International Company (Starr) in a trial of claims brought by AIG seeking more than $4 billion of Starr's assets.  After a three-week trial, a federal jury returned a unanimous verdict in favor of Starr on both of AIG's claims (breach of trust and conversion).  The jury’s verdict was final as to the conversion claim, but was an advisory verdict as to AIG’s breach of trust claim.  On August 31, 2009, U.S. District Judge Jed S. Rakoff issued a 59-page opinion agreeing with the jury’s advisory verdict, and entered final judgment in favor of Starr on all seven of AIG’s claims. Judge Rakoff’s opinion noted that the trial presentations “were models of good lawyering,” and adopted BSF’s position that AIG did “not come close to shouldering” its burden of proof.

Please click on the links below for full media coverage of this case.

Law.com, September 1, 2009
Federal Judge Agrees AIG Failed to Prove Breach of Trust by Greenberg
http://www.law.com/jsp/law/LawArticleFriendly.jsp?id=12024334...

Bloomberg, September 1, 2009
AIG Claim of Breach by Greenberg’s Starr Is Rejected by Judge
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWdSHI...

American Lawyer, September 1, 2009
Big Suits: Starr International v. AIG
http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1202433239336...

Am Law Litigation Daily, August 31, 2009
No Surprises in Rakoff Ruling in AIG-Greenberg Case
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202433479599&No_...

Bloomberg, August 31, 2009
AIG Claim of Breach by Starr Is Rejected by Judge (Update 1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM4sU1.XG...

CNN Money, August 31, 2009
US Judge Rejects Breach-Of-Trust Claim In AIG-SICO Dispute
http://money.cnn.com/news/newsfeeds/articles/djf500/200908311...

Reuters, August 31, 2009
UPDATE 2-U.S. judge rules against AIG in Starr case
http://www.reuters.com/article/rbssFinancialServicesAndRealEs...

The Wall Street Journal, August 31, 2009
AIG, Greenberg Agree to Arbitration In Disputes
http://online.wsj.com/article/SB125174999823973691.html

The New York Times, August 31, 2009
Jury Verdict for Greenberg in A.I.G. Case Is Upheld
http://www.nytimes.com/2009/09/01/business/01aig.html

The Wall Street Journal, July 9, 2009
In AIG They Don't Trust
http://online.wsj.com/article/SB124709677873215085.html

Bloomberg, July 8, 2009
AIG Looting Case Against Starr Was ‘Weak,’ Jury Forewoman Says
http://www.bloomberg.com/apps/news?pid=20601103&sid=aUeKoBqiE...

The Wall Street Journal, July 8, 2009
Greenberg Logs Victory in AIG Case, for Now at Least
http://online.wsj.com/article/SB124699443213407227.html

The Financial Times, July 8, 2009
Jury rules for Greenberg in $4.3bn AIG lawsuit
http://www.ft.com/cms/s/0/c2c48848-6b57-11de-861d-00144feabdc...

Bloomberg, July 8, 2009
AIG Will Pursue Greenberg State Suit Over Stock
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQNG0C.Wl...

Insight with Maria Bartiromo, CNBC, July 8, 2009
Greenberg's Good News
http://www.cnbc.com/id/15840232?video=1175618146&play=1

Bloomberg, July 7, 2009
AIG Jury Weighs $4.3 Billion Claim Against Greenberg’s Company
http://www.bloomberg.com/apps/news?pid=20601103&sid=aDoOSXMUk...

The Financial Times, July 7, 2009
AIG loses $4.3bn case against Greenberg
http://www.ft.com/cms/s/0/03a084f0-6b37-11de-861d-00144feabdc...

USA Today, July 7, 2009
AIG loses big round in lawsuit against former CEO Greenberg
http://www.usatoday.com/money/companies/management/2009-07-07...

Associated Press, July 7, 2009
AIG loses big round in lawsuit against Greenberg
http://www.google.com/hostednews/ap/article/ALeqM5g2g97VIhj2g...

Bloomberg, July 7, 2009
AIG Loses Starr Advisory Verdict; Judge to Rule Next
http://news.google.com/news?pz=1&ned=us&hl=en&ncl=dsnMNrxF8wH...

Bloomberg, July 7, 2009
AIG Loses Trial Seeking $4.3 Billion From Greenberg’s Sico
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9InZ7XfB...

Bloomberg, July 7, 2009
AIG Loses Trial Seeking $4.3 Billion From Starr
http://www.bloomberg.com/apps/news?pid=20601087&sid=ah5pIjYZr...

The Wall Street Journal, July 7, 2009
Greenberg's Starr Prevails in AIG Court Fight
http://online.wsj.com/article/SB124699443213407227.html#mod=t...

The Wall Street Journal, July 7, 2009
In Battle of the Super Litigators, Boies Trumps Wells
http://blogs.wsj.com/law/2009/07/07/in-battle-of-the-super-li...

Dow Jones, July 7, 2009
Jury Begins Deliberations In AIG-SICO Dispute Over Shares
http://online.wsj.com/article/BT-CO-20090707-711435.html

The New York Times, July 7, 2009
Jury Decides for Greenberg in A.I.G. Case Over Shares
http://www.nytimes.com/2009/07/08/business/08aig.html?ref=bus...

The New York Times, July 7, 2009
Jury Finds Against A.I.G. in Greenberg Case
http://www.nytimes.com/2009/07/08/business/08aig.html?ref=bus...

Associated Press, July 7, 2009
Jury finds against AIG in suit versus Greenberg
http://www.google.com/hostednews/ap/article/ALeqM5g2g97VIhj2g...

The Am Law Litigation Daily, July 7, 2009
Jury Trusts David Boies in AIG-Greenberg Trial
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202432070513&Jur...

Reuters, July 7, 2009
NY jury rules for ex-CEO Greenberg in AIG legal battle
http://www.reuters.com/article/ousiv/idUSTRE5666RX20090707?sp...

Reuters, July 7, 2009
U.S. jury rules for Starr in AIG legal battle
http://www.reuters.com/article/rbssFinancialServicesAndRealEs...

The Am Law Litigation Daily, July 6, 2009
Ted Wells and David Boies Give Closings in $4.3 Billion AIG-Greenberg Trial
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202432037096&Ted...

The New York Post, July 6, 2009
END DRAWS NEAR IN $5B GREENBERG V. AIG
http://www.nypost.com/seven/07062009/business/end_draws_near_...

Bloomberg, July 6, 2009
Greenberg Lied at $4.3 Billion Trial, AIG Lawyer Says
http://www.bloomberg.com/apps/news?pid=20601103&sid=a6NqzGYTz...

The Wall Street Journal, June 30, 2009
Overheard: The Zelig of Legal Cases
http://online.wsj.com/article/SB124631499011170565.html?ru=MK...

Bloomberg News, June 29, 2009
Starr Witness Matthews Says Company Wasn’t a Trust
2009-06-29 Starr Witness Matthews - Bloomberg.pdf (PDF | 62.83 K)

Business Insurance, June 28, 2009
AIG, Starr shares fight plays out in courtroom
http://www.businessinsurance.com/article/20090628/ISSUE01/306...

Bloomberg, June 26, 2009
Ex-AIG Chief Greenberg Wasn’t Told to End Plan, Lawyer Says
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.9PKj...

The AmLaw Litigation Daily, June 26, 2009
Simpson Chairman Testifies at AIG Trial
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202431821759&Sim...

Bloomberg, June 25, 2009
Ex-AIG director contradicts Greenberg's testimony
http://www.royalgazette.com/siftology.royalgazette/Article/ar...

Bloomberg, June 25, 2009
AIG Rests as Simpson's Beattie Contradicts Greenberg
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1s0u_nfg...

Bloomberg, June 24, 2009
AIG’s Zarb Contradicts Greenberg Trial Testimony
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYsaFW...

Dow Jones, June 24, 2009
Zarb: No Agreement Between AIG, Sico To End Comp Program
http://money.cnn.com/news/newsfeeds/articles/djf500/200906241...

Reuters, June 23, 2009
AIG vs. Greenberg Trial: "Total Breakdown in Communications''
http://www.insurancejournal.com/news/national/2009/06/23/1016...

National Underwriter, June 23, 2009
Judge Says AIG Has Trouble Proving Case Against SICO
http://www.property-casualty.com/News/2009/6/Pages/Judge-Says...

Bloomberg, June 23, 2009
AIG Didn’t Set Up Trust on Benefit Plan, Ex-Director Testifies
http://www.bloomberg.com/apps/news?pid=20601203&sid=agifmCucq...

Bloomberg, June 23, 2009
AIG attorney attacks Greenberg's credibility
http://www.royalgazette.com/siftology.royalgazette/Article/ar...

Reuters, June 23, 2009
AIG lawyer tests ex-CEO Greenberg in share dispute
http://uk.reuters.com/article/idUKTRE55M79W20090623?sp=true

The Wall Street Journal, June 22, 2009
Greenberg: Believed AIG Wanted To End SICO Compensation Plan
http://online.wsj.com/article/BT-CO-20090622-710840.html

Bloomberg, June 22, 2009
AIG, Stanford, GM, Citigroup, Qualcomm in Court News (Update1)
http://www.bloomberg.com/apps/news?pid=20602085&sid=aQ4j4SgqT...

Reuters, June 22, 2009
AIG, Starr had agreement on pay plan -- Greenberg
http://www.reuters.com/article/americasRegulatoryNews/idUSN22...

Bloomberg, June 22, 2009
AIG Lawyer Assails Greenberg’s Credibility at Trial
http://www.bloomberg.com/apps/news?pid=20601203&sid=avdq5d0ZL...

New York Times, June 19, 2009
Retirement Bonuses Worried A.I.G., Greenberg Says
http://dealbook.blogs.nytimes.com/2009/06/19/retirement-bonus...

Bloomberg.com, June 19, 2009
Greenberg's SICO Invested Proceeds from Sale of AIG Shares
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a50Mlv...

The Wall Street Journal/Dow Jones, June 19, 2009
Ex-AIG CEO:Auditor Said To Keep SICO Separate Because Of Trust
http://online.wsj.com/article/BT-CO-20090619-709980.html

Associated Press, June 19, 2009
Ex-CEO of AIG says plan was questioned
http://www.tulsaworld.com/business/article.aspx?subjectid=51&...

Bloomberg, June 19, 2009
AIG Auditors Advised Separating Starr, Greenberg Says
http://www.bloomberg.com/apps/news?pid=email_en&sid=asiU7tyeK...

Reuters, June 19, 2009
CEO Greenberg says AIG had no role in private co
http://www.guardian.co.uk/business/feedarticle/8567581

Dow Jones, June 18, 2009
Ex-AIG CEO Takes Stand In SICO Share Dispute - 2nd update
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?story...

The Am Law Litigation Daily, June 18, 2009
Hammering Hank: At AIG Trial, Ted Wells Goes Hard at Ex-CEO Hank Greenberg
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202431548305

Financial Times, June 18, 2009
Greenberg admits ‘anger’ over AIG
http://ftalphaville.ft.com/blog/2009/06/18/57751/greenberg-ad...

Bloomberg, June 18, 2009
Greenberg, Starr Voted to Take AIG Stock to Bermuda After Suit
http://www.bloomberg.com/apps/news?pid=20601103&sid=acR_MGxyO...

The Wall Street Journal, June 18, 2009
Greenberg: AIG Dirs Concerned In Early '05 About Comp Program
http://online.wsj.com/article/BT-CO-20090618-712034.html

The Washington Post, June 18, 2009
Ex-CEO Greenberg says AIG wanted to drop comp plan
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/...

Wall Street Journal Blog, June 17, 2009
Tempers Simmering at Big AIG/Starr Trial
http://blogs.wsj.com/law/2009/06/17/tempers-simmering-at-big-...

Associated Press, June 17, 2009
Greenberg: 'I was angry' about losing AIG CEO job
http://www.forbes.com/feeds/ap/2009/06/17/ap6556931.html

Financial Times, June 17, 2009
Greenberg defends move over shares
http://www.ft.com/cms/s/0/84d41a90-5ad5-11de-8c14-00144feabdc...

Wall Street Journal, June 17, 2009
Testy Greenberg Takes Stand in AIG Trial
http://online.wsj.com/article/SB124517743105719913.html

TIME, June 17, 2009
Hank Greenberg on the Stand: Is the ex-AIG Chief Lying?
http://www.time.com/time/business/article/0,8599,1905182,00.h...

The Financial Times, June 17, 2009
Greenberg says trust comments ‘exaggerated’
http://www.ft.com/cms/s/0/321803e0-5b73-11de-be3f-00144feabdc...

Dow Jones, June 17, 2009
No Obligation To Continue AIG Compensation Plan - Greenberg
http://online.wsj.com/article/BT-CO-20090617-712229.html

Associated Press, June 17, 2009
AIG ex-CEO Greenberg returns to witness stand
http://www.google.com/hostednews/ap/article/ALeqM5g2g97VIhj2g...

DealBreaker, June 17, 2009
AIG Wants Hank On That Wall
http://dealbreaker.com/2009/06/aig-wants-hank-on-that-wall.ph...

Bloomberg, June 17, 2009
Greenberg Says He ‘Exaggerated’ on Retirement Plan (Update2)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atReqI...

Reuters, June 17, 2009
AIG's ex-CEO had private jet fly stock to Bermuda
http://www.reuters.com/article/governmentFilingsNews/idUSN173...

Dow Jones, June 17, 2009
Shares Moved To Protect Against Suits - Greenberg
http://online.wsj.com/article/BT-CO-20090617-716372.html

Reuters, June 17, 2009
AIG's ex-CEO, lawyer spar over compensation plan
http://www.reuters.com/article/americasRegulatoryNews/idUSN17...

Am Law Litigation Daily, June 16, 2009
Ted Wells and David Boies Display Contrasting Styles in Openings at AIG Trial
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202431485498

The Wall Street Journal, June 16, 2009
AIG Accuses Greenberg of Seizing Stock
http://online.wsj.com/article/SB124510784564216821.html

The Financial Times, June 16, 2009
Judge imposes curbs on scope of AIG case
http://www.ft.com/cms/s/0/fd45054e-5a02-11de-b687-00144feabdc...

Associated Press, June 16, 2009
Ex-CEO Greenberg defends AIG fund actions
http://www.google.com/hostednews/ap/article/ALeqM5g2g97VIhj2g...

Am Law Litigation Daily, June 16, 2009
Boies v. Wells: Battle of the Heavyweights
http://amlawdaily.typepad.com/amlawdaily/2009/06/boies-v-well...

Reuters, June 16, 2009
Greenberg testifies in trial of AIG lawsuit
http://www.reuters.com/article/marketsNews/idUSN1651733820090...

The New York Times, June 16, 2009
Greenberg Defends Sale of A.I.G. Stock in Trust
http://www.nytimes.com/2009/06/17/business/17aig.html?ref=bus...

Bloomberg, June 16, 2009
Greenberg Testifies at Trial Over Taking of AIG Stock
http://www.bloomberg.com/apps/news?pid=20601103&sid=a2Gjc4k7X...

New York Post, June 16, 2009
Greenberg Judge: It's Just a Matter of Trust
http://www.nypost.com/seven/06162009/business/greenberg_judge...

Financial Times, June 15, 2009
AIG comes face to face with Greenberg over $4.3bn lawsuit
http://www.ft.com/cms/s/0/06ee671c-5944-11de-80b3-00144feabdc...

Bloomberg, June 15, 2009
AIG, Starr Begin $4.3 Billion Court Fight; Greenberg to Testify
http://www.bloomberg.com/apps/news?pid=20601103&sid=aj0LgdYZn...

TIME, June 15, 2009
AIG vs. Hank Greenberg: Who's More Deserving?
http://www.time.com/time/business/article/0,8599,1904535,00.h...

Associated Press, June 15, 2009
AIG lawyer: Ex-top exec plundered retirement plan
http://news.yahoo.com/s/ap/20090615/ap_on_bi_ge/us_aig_trial

Reuters, June 15, 2009
U.S. judge bars AIG bailout, bonuses from trial
http://www.reuters.com/article/rbssFinancialServicesAndRealEs...

Bloomberg, June 15, 2009
Greenberg Speeches to Be Heard at Trial, Judge Rules
http://www.bloombergnews.com/apps/news?pid=20601110&sid=akrN4...

The New York Times, June 14, 2009
Insurance Giant A.I.G. Takes Ex-Chief to Court
http://www.nytimes.com/2009/06/15/business/15aig.html?ref=bus...

The Wall Street Journal, June 12, 2009
A Matchup Made in Heaven: David Boies v. Ted Wells
http://blogs.wsj.com/law/2009/06/12/mondays-main-event-david-...

The New York Times DealBook, June 12, 2009
A.I.G. to Use Any Trial Winnings to Repay U.S.
http://dealbook.blogs.nytimes.com/2009/06/12/aig-to-use-any-t...

Reuters, June 12, 2009
AIG to use any winnings in trial to repay taxpayers
http://www.reuters.com/article/ousiv/idUSTRE55B02O20090612

The Wall Street Journal, June 12, 2009
AIG and Starr Have Monday Court Date
http://online.wsj.com/article/SB124476503278908377.html

Bloomberg, June 12, 2009
AIG Says It Will Use Any Starr Trial Verdict to Help Repay U.S.
http://www.bloomberg.com/apps/news?pid=20601103&sid=a_j7mUCp6...

Financial Times, June 12, 2009
AIG says ex-chief’s money to help repayments
http://ftalphaville.ft.com/blog/2009/06/12/56951/aig-says-ex-...

The Am Law Litigation Daily, June 11, 2009
David Boies and Ted Wells Get Ready to Rumble at $4 Billion AIG-Greenberg Trial
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202431392048&Dav...

Bloomberg, June 5, 2009
AIG Will Get Jury Trial Against Greenberg’s Starr, Judge Rules
http://www.bloomberg.com/apps/news?pid=20601127&sid=aJR65UN79...

The New York Times, June 4, 2009
Jury Will Hear an A.I.G. Case
http://www.nytimes.com/2009/06/05/business/05aig.html?_r=1&pa...

Reuters, June 4, 2009
Jury to hear claims in Starr-AIG battle - US Judge
http://money.cnn.com/news/newsfeeds/articles/reuters/MTFH4685...

Forbes, June 4, 2009
Hank Greenberg Blasts Government Dismantling Of AIG
http://www.forbes.com/2009/06/04/aig-hank-greenberg-personal-...

Related Lawyers: David Boies, Robert B. Silver, Nicholas A. Gravante Jr., Philip M. Bowman, Alanna C. Rutherford, Christopher E. Duffy, Karen C. Dyer, Amy L. Neuhardt, John F. LaSalle, , , , , , Theodore H. Uno

Related Practices: Litigation, Internal Investigations