Wednesday, January 9, 2013

Breaking News: AIG Decides Not to Join Bailout Lawsuit Against Government

Insurance Journal Breaking News
January 9, 2013

Breaking News Alert

AIG Decides Not to Join Bailout Lawsuit Against Government

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The board of American International Group Inc. decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company's bailout, following two days of fevered backlash from Congress and the public over the prospect.

AIG had been 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 2008 rescue.

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