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Washington, D.C., April 7, 2005 – LAWFUEL – The Law News Network – T…

Washington, D.C., April 7, 2005 – LAWFUEL – The Law News Network – The Securities and Exchange Commission today obtained a protective order against respondents Maurice R. Greenberg (Greenberg), C.V. Starr & Company, Inc. (C.V. Starr) and American International Group, Inc. (AIG), in the United States District Court for the Southern District of New York, to protect documents in the Commission’s ongoing investigation. The respondents consented to the Order.

The Order prohibits the respondents from interfering with the ability of the Commission to obtain any and all documents in the respondents’ possession or control. The Order also provides a procedure for documents outside the United States to be secured, brought to the United States and produced to the Commission and the New York Attorney General.

Mark K. Schonfeld, the Director of the Commission’s Northeast Regional Office, said, “We sought this order in response to reports of the movement of documents subject to this investigation. This Order will ensure the security and integrity of documents is preserved and that relevant evidence will be available in our ongoing investigation.”

The Commission staff issued subpoenas to the respondents and to Starr International Company, Inc. (SICO) between March 25, 2005 and April 1, 2005. The Order finds that there is a need for an order preserving the security, location and integrity of documents relevant to the Commission’s ongoing investigation and responsive to Commission subpoenas. The Order prohibits respondents from interfering with the ability of the Commission to obtain documents in the respondents’ possession or control.

With respect to documents as to which there is a dispute among Greenberg, C.V. Starr, SICO and AIG concerning ownership and control, the Order prohibits respondents from removing such documents from AIG premises and provides a procedure by which such documents shall be handled. Specifically, the Order incorporates a Letter Agreement among those parties, the Commission and the New York Attorney General setting forth an agreed procedure by with the documents will be secured, copied, brought to the United States and produced to the Commission and the New York Attorney General.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.