AIG Shareholders Win Class Cert. In Starr's $25B Bailout Suit

Law360, New York (March 11, 2013, 8:09 PM EDT) -- A U.S. Court of Federal Claims judge on Monday granted class certification to two classes in Starr International Co. Inc.'s $25 billion shareholder lawsuit over the 2008 bailout of American International Group Inc., ruling potential class members had enough in common to justify class claims.

According to U.S. Judge Thomas C. Wheeler, the two proposed groups of AIG shareholders Starr had asserted unconstitutional taking claims for — one who owned shares the day of the $85 billion bailout and another who owned shares whose voting power...
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