Greenberg lawsuit over AIG bailout News

U.S. Asks Court to Block Bernanke Testimony in Greenberg’s AIG Lawsuit

The U.S. Justice Department on Friday asked an appeals court to reverse a judge’s ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group Inc.’s 2008 bailout. Bernanke cannot be forced to …

Judge Says Bernanke Should Testify in Greenberg’s Suit Against Bailout

A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice “Hank” Greenberg, against the United States over the insurer’s 2008 bailout. Judge Thomas …

Greenberg Lawyers Say Bernanke Testimony Key to Suit Over AIG Bailout

U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice “Hank” Greenberg’s lawsuit over the bailout of American International Group Inc., Greenberg’s lawyers said. Bernanke made key decisions about the government takeover of the insurer during the …

Greenberg’s $25B Suit Against Government Over AIG Bailout Can Proceed

Maurice “Hank” Greenberg can continue his $25 billion lawsuit against the U.S. over losses from the bailout of his former company, American International Group Inc., without making claims on behalf of the insurer, a judge ruled. Greenberg and other minority …

AIG Asks Court to Dismiss Part of Greenberg Suit over Bailout

Insurer American International Group Inc. has asked a court to block Maurice “Hank” Greenberg’s efforts to sue the U.S. government on AIG’s behalf, saying its former CEO has not proven he should have the right to do so. Earlier this …

AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce

American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from lawmakers. A leading congressional Democrat called criticism …

AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms

American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were unfair. The news prompted a …

Ex-AIG CEO Greenberg, Starr May Appeal Dismissal of Bailout Suit

The Federal Reserve Bank of New York won the dismissal of former American International Group Inc. Chief Executive Maurice “Hank” Greenberg’s $25 billion lawsuit accusing it of unlawfully bailing out the insurer during the 2008 financial crisis. The decision issued …

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

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 …

U.S. Seeks Dismissal of Ex-CEO Greenberg’s $25B Lawsuit on AIG Takeover

The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group that was filed by a company run by former AIG Chief Executive Maurice Greenberg, court documents showed. In November, Greenberg’s …