Starr Wants AIG Forced Into $55.5B Bailout Suit Against US

Law360, New York (March 12, 2013, 6:43 PM EDT) -- Starr International Co. on Monday asked a federal judge to force American International Group Inc. to join its now $55.5 billion suit against the U.S. government over AIG’s bailout, claiming the company was intimidated by the government into not joining.

The amended complaint follows the AIG board’s unanimous vote in January not to join Starr’s suit against the U.S. and the Federal Reserve Board of New York alleging the federal government illegally gave itself AIG shares after it took control of an 80 percent stake in...
To view the full article, register now.