Spitzer May Get His Day in Court

By Peter Coy

VAGUE RULES. Of course, Greenberg isn't one to roll over and play dead. He has top legal representation, including David Boies, who led the government's antitrust prosecution of Microsoft (MSFT ), and Martha Stewart's defense attorney, Robert G. Morvillo. The legal team is expected to argue that there was nothing illegal about trying to place AIG's results in the best light, that the relevant accounting rules are both complex and vague, and that all of the company's results were approved by both internal accountants and the company's independent auditor, PricewaterhouseCoopers.

But Spitzer's team is likely to argue that sign-offs by accountants or auditors don't absolve Greenberg or Smith of responsibility for the financial statements. They argue that the actions c

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