AIG board meets on lawsuit


Does want to sue the U.S. government for bailing it out, arguing that the bailout harmed shareholders? The AIG board met this week to discuss the issue, according to Reuters. AIG "is weighing whether to join a lawsuit filed by its former chief executive, Hank Greenberg, and his company Starr International, which owned 12 percent of the insurer before its rescue." The suit charges that the bailout hurt shareholders, and that the Fed charged an excessive interest rate on its initial loan. Article

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