$25bn Starr against AIG and US government to proceed war
Starr International can proceed with legal action against the US
government over its 2008 bailout of American International Group
(AIG), the Court of Federal Claims has ruled.
In a 2 July filing, Judge Thomas Wheeler rejected the
government's bid to dismiss the case.
Starr is seeking damages of at least $25bn from the government as
it claims the bailout failed to compensate AIG shareholders fairly,
including Starr, which is led by AIG's former CEO Hank
Greenberg.
Starr was one of...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
