A federal jury has ruled that former American International Group CEO Maurice “Hank” Greenberg does not owe his former employer more than $4 billion.

The jury’s decision, however, is an advisory one, as U.S. District Court Judge Jed Rakoff said he will make the final decision in August as to whether Greenberg, now chairman and CEO of C.V. Starr & Co., must forfeit $4.3 billion in assets when the company split from AIG four years ago, according to Time Magazine.

During the three-week trial, AIG’s attorneys alleged that Starr was created as a subsidiary to run an executive-compensation fund. For tax benefits, it was set up as a trust administered and held by Starr, but under the ownership of AIG, the report said.

Maurice "Hank" Greenberg

The troubled insurance company claimed that when Greenberg was dismissed as AIG’s CEO four years ago, he took Starr and billions of dollars with him.

The jury agreed with Starr’s attorneys instead. The jury said it was a separate company from AIG and that shares and any proceeds made from sales of shares of the insurer were Starr’s to keep.

AIG made the claim in court that it planned to use the more than $4 billion as part of a repayment plan to the federal government, which has invested more than $180 billion in the company’s sustainability, indicating its failure would hurt the entire U.S. economy.

In addition to the federal case, the New York Post said AIG also plans to renew its case in Supreme Court in Manhattan on the matter, which involves some issues that were thrown out in the federal trial.

A spokeswoman for Starr told Time that the firm is “gratified by the jury’s quick and complete vindication of Starr International and Mr. Greenberg, and the jurors’ quick and complete rejection of the outrageous personal attacks on Mr. Greenberg’s character by AIG and its counsel.”

During the trial, AIG’s attorneys branded Greenberg a liar, presenting documents and speeches made by the former CEO indicating his understanding that Starr was to always benefit AIG’s current and future management and not a separate entity.