Share on StockTwits

A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group, over the insurer’s government bailout, clearing the way for a Sept. 29 trial. Judge Thomas Wheeler of the U.S. Court of Federal Claims said the case brought by Greenberg’s Starr International Co on behalf of itself and other AIG shareholders involves “complex financial and economic issues” that deserve analysis and testimony from qualified expert witnesses. Wheeler wrote in an order dated Monday “The complexity of the submissions and the factual disagreements strongly point to the need for a trial.”



“U.S. Loses Bid To Dismiss Ex-AIG CEO’s $25 Billion Lawsuit Over Bailout” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.