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...
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