US Can't Duck Starr's $55.5B Bailout Suit, But AIG Claims Cut

Law360, New York (June 27, 2013, 5:09 PM EDT) -- The U.S. Court of Federal Claims on Wednesday greenlighted Starr International Inc.'s $55.5 billion lawsuit against the U.S. government over its bailout of American International Group Inc., but axed its shareholder derivative claims, finding that the insurer's decision to stay out of the suit wasn't tainted.

The order granted a motion filed by AIG to toss derivative claims accusing the insurance giant of relying on conflicted attorneys and board members when it refused to join Starr's class action against the government, finding Starr had failed to...
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