Ex-AIG Chief Won't Sue Over Refusal To Join $25B Lawsuit

Law360, Chicago (January 10, 2013, 1:27 PM EST) -- Former American International Group Inc. chief Maurice "Hank" Greenberg and his Starr International Co. will not sue AIG over its decision to stay out of a $25 billion suit against the U.S. government over its bailout, Greenberg's lawyer from Boies Schiller & Flexner LLP said Thursday.

AIG's board of directors decided Wednesday against taking part in Greenberg's suit, refusing a demand by Starr that it pursue claims against the U.S. and the Federal Reserve Board of New York. The lawsuit is challenging the constitutionality of the...
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