The U.S. Supreme Court denied Maurice “Hank” Greenberg's appealon his charge that the federal bailout of American InternationalGroup was illegal, CBS reports.
|Starr International, which is run by Greenberg, argued in itsappeal against the Federal Reserve Bank of New York that lowercourt rulings gave the government sweeping power to trump “ordinaryrules of corporate and financial behavior” during an unusualemergency, according to the CBS story.
|CBS says Greenberg and Starr have a related case pending beforethe U.S. Court of Federal Claims in Washington, which handleslawsuits seeking money from the government.
|See the full story by Constantine Von Hoffman here.
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