During a speech to the Boston College Chief Executives’ Club, AIG Chairman Maurice Greenberg compared the fight to reform class-action litigation to the White House’s “war on terrorism.”
“It’s almost like fighting the war on terrorists,” Greenberg told the audience of business executives. “I call the plaintiff’s bar terrorists.”
Greenberg estimated class-action lawsuits shave 2 percent off the U.S. gross domestic product every year.
“It’s a blight on the country,” he said.