AIG logo from headquarter offices in Manhattan's financial district, Wednesday, Jan. 9, 2013. (AP Photo/Bebeto Matthews)

(Bloomberg) — American International Group Inc., which opted against joining Maurice “Hank” Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer isn’t entitled to compensation over the insurer’s 2008 rescue.

AIG climbed 2.1 percent to $63.16 at 1:06 p.m. in New York. The stock could’ve dropped as much as 3.5 percent if the U.S. was forced to pay damages, because of concerns that the government would turn to AIG to recover costs, Thomas Gallagher, an analyst at Credit Suisse Group AG, said in April.

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