$25bn Starr suit over AIG bailout can proceed
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.
Starr is seeking damages from the government of at least $25bn as it claims the bailout failed to fairly compensate AIG shareholders including Starr, which is led by the insurance giant's former CEO Hank Greenberg.
After an $85bn loan to AIG, the US state became an 80 percent shareholder in the fallen giant,...
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:
