Former AIG chief pushes forward with lawsuit against government

4a10mf Former AIG chief pushes forward with lawsuit against government

4a10mf Former AIG chief pushes forward with lawsuit against government

Former AIG executive officer Maurice Greenberg is pushing forward with a lawsuit against the government its over its $182 billion rescue of the insurance giant. Although AIG declined to join the lawsuit in January (as the New York Times noted, “the insurer faced an enormous public uproar over the prospect of suing the source of its lifeline”), Greenberg is moving forward with his new company, Starr International Co.The Times noted that Greenberg’s complaint, which was granted class-action status on Monday, “largely restat[es] his arguments that 2008 bailout of the insurer was unconstitutional and wrongly cheated shareholders out of billions of dollars.Continue Reading…

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Former AIG chief pushes forward with lawsuit against government

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