AIG Board Attys Shed Light On Rejection Of $25B Bailout Suit

Law360, New York (January 24, 2013, 7:42 PM EST) -- Lawyers for American International Group's directors warned that Starr International Co.'s $25 billion lawsuit over the government's bailout of AIG had scant chance of success, according to a Wednesday letter providing a glimpse into the insurer's recent decision not to join Starr's suit.

A day before AIG's board refused to pursue claims against the U.S. government and the Federal Reserve Bank of New York over the 2008 bailout, Simpson Thacher & Bartlett LLP attorney Paul Curnin told company leaders that he pegged the lawsuit's chance of...
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