The publication reported that Greenberg received a "wells notice" from the Securities and Exchange Commission on Friday and may face charges over his role in transactions between AIG and Berkshire Hathaway's General Re unit. The notice came a day after a federal judge overseeing the criminal trial concerning the transactions wrote in a post-verdict ruling that the government had presented "sufficient evidence" for a jury to conclude that the conspiracy started with a phone call made by Mr. Greenberg.
According to Greenberg's lawyer, Greenberg was confident of his position on merits. "...We remain confident of our position on the merits, and we believe that none of the remaining issues are material to AIG's financial statements. When the commission has had the opportunity to consider all the facts, we believe that they will agree."