Tuesday, January 8, 2013

Breaking News: AIG May Join Suit Against Federal Government Over 'Unfair' Bailout Terms

Insurance Journal Breaking News
January 8, 2013

Breaking News Alert

AIG May Join Suit Against Federal Government Over 'Unfair' Bailout Terms

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American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were unfair.

The company confirmed a New York Times report that said AIG's board would meet Wednesday to discuss joining a lawsuit filed against the government by Hank Greenberg, the insurer's former chief executive.

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