Starr International and its Chairman and Managing Director Maurice Hank Greenberg, have amended a lawsuit against the federal government to claim that the terms of government aid to AIG starting in 2008 amounted to an attempt to steal the business.
It remains unclear whether the federal government will be able to fully recoup its investment in American International Group (AIG), the Government Accountability Office (GAO) says in a new report.
It remains unclear whether the federal government will be able to fully recoup its investment in American International Group, the Government Accountability Office says in a new report.
It remains unclear whether the federal government will be able to fully recoup its investment in American International Group, the Government Accountability Office says in a new report.
American International Group Inc. has sued two financial firms alleging that they engaged in fraud and unjust enrichment by issuing exotic securities they claimed were backed by prime mortgage-backed securities.
If the Dodd-Frank Act had been in place years ago, regulators probably still would not have intervened to stop problems at American International Group’s Financial Products unit, three former U.S. financial regulators said earlier this month.
If the Dodd-Frank Act had been in place years ago, regulators probably still would not have intervened to stop problems at American International Group’s Financial Products unit, three former U.S. financial regulators said last week.
The GAO has issued a report stating that the government’s ability to make a profit on its investment in American International Group now depends on the economy and the ability of AIG’s management to grow the business.
A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.