Two groups of American International Group Inc (AIG.N) shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged losses caused by the U.S. government’s bailout of the insurer. U.S. Court of Federal Claims Judge Thomas Wheeler […]
Tag: American International Group Inc
AIG may join bailout lawsuit against U.S. government
American International Group Inc , the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totalled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair, the company said on Tuesday. The news prompted a swift reaction from […]
AIG keen to sell bank, expand mortgages: CEO
American International Group Inc is planning to sell its savings and loan business as soon as a federal panel labels the insurance giant “too big to fail,” its chief executive said on Monday. But even without a banking business, AIG is now looking more aggressively at making and purchasing mortgages […]
