Former American International Group Inc. chief executive Maurice "Hank" Greenberg participates in a news conference in New York, Monday, Feb. 13, 2017. (AP Photo/Seth Wenig)

A three-judge panel at the U.S. Court of Appeals for the Federal Circuit ruled Tuesday that Starr International Co. Inc. has no legal standing to challenge the 2008 federal government takeover of American International Group Inc. (AIG).

Maurice “Hank” Greenberg, who is a founder and former longtime CEO of AIG, and who currently is the head of Starr International, has argued that the government trampled AIG shareholder rights in September 2008, when it took a 79.9 percent equity stake in AIG in exchange for providing a $85 billion stabilization loan.

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