Tuesday, July 3, 2012

Reuters: Regulatory News: Greenberg may pursue case vs US over AIG bailout

Reuters: Regulatory News
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Greenberg may pursue case vs US over AIG bailout
Jul 3rd 2012, 14:32

July 3 | Tue Jul 3, 2012 10:32am EDT

July 3 (Reuters) - A company run by former American International Group Inc Chief Executive Maurice "Hank" Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of the insurer unconstitutional.

Judge Thomas Wheeler of the U.S. Court of Federal Claims, in a decision issued on Monday, dismissed part of the case brought by Greenberg's company Starr International Co, but allowed other claims to proceed.

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