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Greenberg, who over a 35-year career built AIG from a small company into the world's largest insurer, lost his job in 2005 amid Spitzer's allegations. Lawyers for both men said they were pleased the request for damages has been dropped, and they'll continue to challenge the fraud complaint. "We are disappointed that the Court of Appeals did not dismiss the attorney general's recently raised claims for injunctive relief, but we are confident that the action will be dismissed by the lower courts," said David Boies, who represents Greenberg. Smith's lawyer, Vincent Sama, said he's "confident that the lower courts will dismiss what remains of this case." The Court of Appeals upheld a mid-level appeals court ruling that the case could continue. Schneiderman spokesman Damien LaVera said the attorney general is "committed to ensuring that anyone who commits fraud is held accountable for their actions no matter how wealthy they are or how many powerful friends they have."
[Associated
Press;
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