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Greenberg Doubles Claims in AIG Bailout Lawsuit vs U.S. to $55B

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.

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(Reuters) – Maurice “Hank” Greenberg, the former American International Group Inc. 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.

In an amended complaint filed late Monday in the U.S. Court of Federal Claims, Greenberg’s Starr International Co said it is now seeking damages over Maiden Lane III LLC, a vehicle designed to rid banks of toxic debt underlying transactions with AIG.

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