AIG Decides Not to Join Bailout Lawsuit Against Government

By Ben Berkowitz | January 9, 2013

  • January 9, 2013 at 3:43 pm
    Emily Latella says:
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    Oh….Never mind then.

    • January 9, 2013 at 3:58 pm
      Dave says:
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      Saturday Night Live? Thanks for the laugh.

  • January 9, 2013 at 3:47 pm
    Celtica says:
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    Dear AIG:

    Finally some common sense and ethics. Let these be the first building blocks as your rebuild your brand.

    Signed,
    The Insurance Industry at Large

    • January 9, 2013 at 3:59 pm
      Dave says:
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      Rebuild the brand? That’s funny too.

      • January 9, 2013 at 4:36 pm
        Agent says:
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        Yes, they didn’t see anything wrong with paying big bonuses to employees that were doing the very things that led to their problem. It would have been very strange having the ads thanking America for saving them and then saying by the way, we are suing you for saving us because we didn’t like the terms.

  • January 9, 2013 at 4:00 pm
    Insurance Sam says:
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    Hank would probably have sued the board had they not gone thru the formal and legal process of discussing and voting on it.
    He needs put in a nursing home.

    • January 9, 2013 at 4:05 pm
      Jax or Better says:
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      Or prison.

      • January 10, 2013 at 3:29 pm
        Don't Call Me Shirley says:
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        That’s the best idea of all. Right next to Bernie Madoff.

        • January 11, 2013 at 3:07 pm
          FFA says:
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          Or next to Blago. Maybe George Ryan.
          Had he filed in Cook County, the jury would be back already with Billions….

    • January 9, 2013 at 4:15 pm
      PropGal says:
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      ….or to be committed.

      • January 9, 2013 at 4:38 pm
        Agent says:
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        Poor Hank has not had much luck on the suit business lately. Has he won a round yet? I am sure his lawyer likes it since he is on retainer and will get paid regardless of the outcome.

        • January 10, 2013 at 1:26 pm
          Broker of Record says:
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          He will be at home counting what is left of his money.

  • January 9, 2013 at 4:44 pm
    LiveFree says:
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    Where is the fun in that!

  • January 9, 2013 at 4:51 pm
    Random says:
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    Don’t pi55 off the American people. We are much bigger and better than you (that includes you government).

  • January 9, 2013 at 10:16 pm
    MeIsEinstein says:
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    I really thought it was an April’s fool joke when I first read this -didn’t they already have bad PR to deal with – who was the “genius”?

  • January 10, 2013 at 9:43 am
    Independent agent guy says:
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    It appears to me that the AIG board “considered” joining the lawsuit mainly as an attempt to insulate itself from a lawsuit by Starr. Had they not officially considered it, Starr could have initiated a shareholder lawsuit against AIG. Starr might sue them anyway, but at least now they can say that they didn’t reject the idea out of hand. I think the AIG board was between a rock and a hard place.

    • January 10, 2013 at 3:34 pm
      Don't Call Me Shirley says:
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      Technically, Hank should sue himself! Another attempt to rob the American taxpayers. The government should sue him for the costs of this.

    • January 10, 2013 at 5:51 pm
      nomesaneman says:
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      Looking back now, because Greenberg’s lawsuit is really nothing new to AIG, I’m wondering if AIG itself didn’t “leak” the meeting to the press just so the public would rise up like it did and provide a good reason to refuse to join.

      There is no way in h-e-double-hockey-sticks that joining the lawsuit be “good for the company or its shareholders” with all this rather dramatic negative goodwill.

      The AIG board was going to deliver its decision by the end of the month. However, in view of the firestorm of criticism, they were able to to say: “Sorry, Hank, but no” immediately after the presentation.

      Perhaps I’m too cynical. Anyway, here’s a link to a pretty good article by a sharp lady even though it’s from Fox (sorry lib-colleagues)- bit of a different slant, but makes a lot of sense:



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