Greenberg's Win In AIG Bailout Case Reversed On Appeal

Law360, New York (May 9, 2017, 2:26 PM EDT) -- A Federal Circuit panel on Tuesday said that the terms of the federal government’s $85 billion bailout of American International Group Inc. were constitutional, overturning a lower court ruling in favor of the insurance giant’s former chief executive, Maurice “Hank” Greenberg.

The appellate panel found Tuesday that former AIG chief Maurice "Hank" Greenberg, seen here at a Feb. 13 news conference, can't pursue claims over the equity stake the Fed took in the insurance giant. (AP) The three-judge panel reversed a June decision that found the...
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Case Information

Case Title

Starr International Company v. US


Case Number

15-5103

Court

Appellate - Federal Circuit

Nature of Suit

514 Taking - Other

Date Filed

June 26, 2015


Case Title

Starr International Company v. US


Case Number

15-5133

Court

Appellate - Federal Circuit

Nature of Suit

514 Taking - Other

Date Filed

August 14, 2015

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