Reply #7: Spitzer sets immunity deal with former AIG exec-report [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38511.3366562384-836419874&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&

NEW YORK (MarketWatch) -- New York Attorney General Eliot Spitzer has granted immunity to ex American International Group (AIG) executive Joseph Umansky, signaling that the state plans to pursue possible criminal charges against the company's former CEO Hank Greenberg, the New York Times reported Wednesday. The paper, citing a person briefed on the terms of Spitzer's deal with Umansky, said the deal could complicate any Federal prosecution because they would have to prove any evidence they used was garnered via Umansky's immunized testimony. AIG shares closed up 38 cents on Wednesday at $55.23.