VERDICTS & SETTLEMENTS
CHALLENGE TO FED'S AIG BAILOUT IS REJECTED
NEW YORK A federal judge in Manhattan has dismissed a $25 billion lawsuit filed by Starr International, an insurance company run by former American Inter-national Group chief executive officer Maurice "Hank" Greenberg, against the Federal Reserve Bank of New York over its 2008 bailout of AIG. Southern District Judge Paul Engelmayer rejected Starr's arguments that the bailout was an illegal takeover of multinational insurance company AIG and a "backdoor bailout" for other financial firms that did business with it.
This content has been archived. It is available exclusively through our partner LexisNexis®.
To view this content, please continue to Lexis Advance®.
Not a Lexis Advance® Subscriber? Subscribe Now
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
For questions call 1-877-256-2472 or contact us at firstname.lastname@example.org