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A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice "Hank" Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the 2008 financial crisis.
A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.
A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.
AIG has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer could sue over losses on residential mortgage-backed securities.
Warren Buffett's Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for evaluating insurers and Berkshire's dependence on its insurance business for dividend income.
American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.
American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.
American International Group Inc won a legal victory over where a mortgage fraud lawsuit it brought against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.
A New York state appeals court on Tuesday cleared the way for bond insurer MBIA Inc to pursue a fraud lawsuit against Bank of America Corp over toxic mortgage securities.
Maurice "Hank" Greenberg, the former AIG chief executive, has more than doubled the size of his class-action lawsuit against the United States over the insurer's bailout to roughly $55.5 billion from $25 billion.
{ "author": { "name": "Jonathan Stempel Reuters", "webUrl": "/author/profile/jonathan-stempel-reuters/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 30, "social": [], "articles": [ { "uri": "/2014/01/29/greenberg-loses-appeal-of-bailout-lawsuit-vs-n-y-fed/", "title": "Greenberg Loses Appeal of Bailout Lawsuit Vs N.Y. Fed", "byline": "Jonathan Stempel, Reuters", "kicker": "News", "prettyDate": "January 29, 2014", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice \"Hank\" Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the 2008 financial crisis.", "body": null }, { "uri": "/2013/07/29/judge-says-bernanke-should-testify-in-aig-bailout/", "title": "Judge Says Bernanke Should Testify in AIG Bailout Lawsuit", "byline": " Jonathan Stempel, Reuters ", "kicker": "News", "prettyDate": "July 29, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.", "body": null }, { "uri": "/2013/07/29/judge-says-bernanke-should-testify-in-aig-bailout-lawsuit/", "title": "Judge Says Bernanke Should Testify in AIG Bailout Lawsuit", "byline": "Jonathan Stempel, Reuters", "kicker": "News", "prettyDate": "July 29, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice \"Hank\" Greenberg, against the United States over the insurer's 2008 bailout.", "body": null }, { "uri": "/2013/05/31/aig-drops-lawsuit-versus-n-y-fed-related-to-bailou/", "title": "AIG Drops Lawsuit Versus N.Y. Fed Related to Bailout", "byline": "Jonathan Stempel, Reuters", "kicker": "News", "prettyDate": "May 31, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "AIG has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer could sue over losses on residential mortgage-backed securities.", "body": null }, { "uri": "/2013/05/17/sp-cuts-rating-for-buffetts-berkshire-hathaway/", "title": "S&P Cuts Rating for Buffett's Berkshire Hathaway", "byline": " Jennifer Ablan, Ben Berkowitz and Jonathan Stempel, Reuters ", "kicker": "News", "prettyDate": "May 17, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jennifer-ablan-ben-berkowitz/", "name": "Jennifer Ablan, Ben Berkowitz" }, { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Warren Buffett's Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for evaluating insurers and Berkshire's dependence on its insurance business for dividend income.", "body": null }, { "uri": "/2013/05/07/aig-may-pursue-fraud-case-against-bofa-over-countr/", "title": "AIG May Pursue Fraud Case Against BofA over Countrywide", "byline": " Jonathan Stempel, Reuters ", "kicker": "News", "prettyDate": "May 07, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.", "body": null }, { "uri": "/2013/05/07/aig-may-pursue-fraud-case-against-bofa-over-countrywide/", "title": "AIG May Pursue Fraud Case Against BofA over Countrywide", "byline": "Jonathan Stempel, Reuters", "kicker": "News", "prettyDate": "May 07, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.", "body": null }, { "uri": "/2013/04/22/court-backs-aig-bid-for-new-venue-in-big-bofa-frau/", "title": "Court Backs AIG Bid for New Venue in Big BofA Fraud Case", "byline": " Jonathan Stempel, Reuters ", "kicker": "News", "prettyDate": "April 22, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "American International Group Inc won a legal victory over where a mortgage fraud lawsuit it brought against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.", "body": null }, { "uri": "/2013/04/03/mbia-cleared-to-pursue-fraud-case-against-bofas-co/", "title": "MBIA Cleared to Pursue Fraud Case Against BofA's Countrywide", "byline": " Karen Freifeld, Reuters, Jonathan Stempel, Reuters ", "kicker": "News", "prettyDate": "April 03, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/karen-freifeld-reuters-jonathan-stempel-reuters/", "name": "Karen Freifeld, Reuters, Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A New York state appeals court on Tuesday cleared the way for bond insurer MBIA Inc to pursue a fraud lawsuit against Bank of America Corp over toxic mortgage securities.", "body": null }, { "uri": "/2013/03/13/greenberg-doubles-claims-in-aig-bailout-lawsuit-vs/", "title": "Greenberg Doubles Claims in AIG Bailout Lawsuit vs U.S. to $55B", "byline": " Jonathan Stempel, Reuters ", "kicker": "News", "prettyDate": "March 13, 2013", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-stempel-reuters/", "name": "Jonathan Stempel, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Maurice "Hank" Greenberg, the former AIG chief executive, has more than doubled the size of his class-action lawsuit against the United States over the insurer's bailout to roughly $55.5 billion from $25 billion.", "body": null } ] } }
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