AIG Rejects Ex-CEO Greenberg’s Bailout Suit Against U.S.
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American International Group Inc. opted against joining its former chief executive officer in a lawsuit against the U.S. after lawmakers said the case was an insult to taxpayers who bailed out the insurer.
“The AIG board has determined to refuse Starr’s demand in its entirety, and will neither pursue these claims itself nor permit Starr to pursue them in AIG’s name,” the insurer said today in a statement about ex-CEO Maurice “Hank” Greenberg’s Starr International Co.