Report: AIG Won’t Join Lawsuit Against Government

AIG’s directors decided Wednesday not to join a lawsuit claiming unfair treatment of the company by the U.S. government in its rescue from the financial crisis, the Wall Street Journal reports.

The suit was filed in 2011 in a federal claims court by Starr International Co., the company headed by AIG’s 87-year-old former chief executive, Maurice R. “Hank” Greenberg, and seeks $25 billion in damages for AIG and its shareholders. Starr requested that AIG join it in pursuing the claims, and the insurer’s board agreed to hear presentations on the suit during Wednesday’s meeting. 

 

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