GREENBERG TARGET OF STOCK INQUIRY:

The former CEO of American International Group Inc. is once again making headlines. According to the New York Times, federal prosecutors are looking into whether Maurice Greenberg reportedly was in charge of an effort to manipulate the stock price of AIG in his last weeks as CEO. Citing unidentified people briefed on the inquiry, the newspaper reported an executive with the company’s trading group informed the company that he had chatted with Greenberg about AIG’s stock price in February, when it had started to quickly decline. Federal prosecutors have subpoenaed all of AIG’s recordings from its trading group going back two years, according to the sources

Topics AIG