Simpson Thacher, Weil Steered AIG From $56B Suit, Starr Says

Law360, New York (April 29, 2013, 3:45 PM EDT) -- Starr International Co. Inc. fought Friday to save its $55.5 billion shareholder suit against the U.S. government over American International Group Inc.'s bailout, arguing the insurance giant relied on advice of conflicted attorneys when it refused to pursue the claims.

In a brief opposing motions to dismiss its derivative claims, Starr argues AIG wasn't acting fairly or objectively when it refused to join the suit, made clear when the insurer tapped Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges LLP — the same law...
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