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Hank Greenberg Fast Facts

By CNN Library
updated 3:30 PM EDT, Thu October 16, 2014

(CNN) -- Here is a look at the life of former AIG Chief Executive Officer Hank Greenberg.

Personal:
Birth date: May 4, 1925

Birthplace: New York, New York

Birth Name: Maurice Raymond Greenberg

Father: Jacob Greenberg

Mother: Ada (Rheingold) Greenberg

Marriage: Corinne (Zuckerman) Greenberg

Children: Jeffrey, Evan, Scott and Cathleen

Education: University of Miami, B.A., 1948; New York Law School, LL.B., 1950

Military: U.S. Army, Captain

Timeline:
1952-1960 - Works for Continental Casualty Company.

1960 - Begins working for insurance company American International Group (AIG). Greenberg's hiring at AIG includes an appointment as a vice president of C.V. Starr and Company.

1968-2005 - CEO of AIG. Greenberg resigns in the midst of the New York attorney general's investigation into accounting fraud at AIG.

May 2005 - New York Attorney General Eliot Spitzer files a lawsuit against Greenberg, charging him with engaging in fraud to exaggerate AIG's finances. The case is on-going.

2005-present - Chairman and CEO of C.V. Starr and Company.

September 16, 2008 - The Federal Reserve Bank of New York announces an emergency $85 billion loan to AIG to rescue the company, on condition that the federal government own 79.9% stake in the company. Greenberg is AIG's largest individual shareholder before the bailout, with 11% ownership in the company.

April 2009 - The loan expands to $184.6 billion. The government eventually owns 92% stake in the company.

2009 - The Securities and Exchange Commission charges Greenberg for his involvement in the fraudulent accounting transactions that inflated AIG's finances. Greenberg agrees to pay $15 million in penalties.

November 21, 2011 - Greenberg sues the federal government for $25 billion, claiming the 2008 takeover was unconstitutional.

January 2013 - Greenberg's book, "The AIG Story," is released.

May 2013 - Greenberg's lawsuit achieves class action status. 300,000 stockholders, including AIG employees and retirees, would share the reward if they win the class action lawsuit.

June 25, 2013 - A New York appeals court rules that the 2005 lawsuit, filed by then New York Attorney General Eliot Spitzer, against Greenberg will not be dismissed. The trial is scheduled to begin the week of January 19, 2015.

July 2013 - Greenberg files a lawsuit against Spitzer, alleging defamation related to statements Spitzer made between 2004 and 2012.

June 25, 2014 - After granting a request by Sptizer to dismiss most of his statements, a judge rules that Greenberg's defamation lawsuit against Spitzer will still go to trial.

October 6, 2014 - The class action lawsuit officially begins in the Court of Federal Claims in Washington, D.C.

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