A federal judge has cleared for trial a claim by former AIG executive Maurice "Hank" Greenberg that the U.S. government acted inappropriately when it took control of AIG in September 2008.

Greenberg, through Starr International, a former AIG unit, owns 13% of AIG.

He claimed in a lawsuit, first filed in 2011 and refiled several times afterward, that the way the federal government handled AIG's bailout amounted "to an attempt to 'steal the business.'"

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.