Judge Says Greenberg May Pursue $25B Suit Over AIG Bailout

July 3, 2012

A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of the insurer unconstitutional.

Judge Thomas Wheeler of the U.S. Court of Federal Claims, in a decision issued on Monday, dismissed part of the case brought by Greenberg’s company Starr International Co., but allowed other claims to proceed.

 

 

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Latest Comments

  • July 5, 2012 at 9:43 am
    You forgot says:
    Paulson and Bush.
  • July 3, 2012 at 4:47 pm
    Dave says:
    AIG took on extreme risk which paid a great rate of return as long as things didn't blow up to help support their money losing P&C operations. I really don't care if they ... read more
  • July 3, 2012 at 4:17 pm
    rocket88 says:
    The bailout money was simply money passed through AIG to those companies that the Administration wanted to bail out. While AIG shareholders took a skinning on the stock, compa... read more
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