Ex-AIG CEO Slams US Bid To Toss $25B Suit

Law360, New York (March 30, 2012, 7:52 PM EDT) -- Ex-American International Group Inc. CEO Maurice “Hank” Greenberg on Thursday fired back at the U.S. government’s move to toss his $25 billion class action and derivative suit over the 2008 takeover of the company, arguing that there is no basis for dismissing the case.

In a response filed in the U.S. Court of Federal Claims, Greenberg’s Starr International Co. — which was AIG’s largest shareholder when the government grabbed an 80 percent stake in the insurance giant — called the takeover “an extraordinary exercise of governmental...
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