AIG confirms talks with Greenberg
January 9, 2013 by Arthur D. Postal
The board of American International Group will weigh Wednesday whether to join a lawsuit filed by former chairman Maurice “Hank” Greenberg that argues that the government was unfair to its shareholders through the way it conducted its bailout of AIG.
Lawyers for Greenberg at Boies, Schiller & Flexner LLP, in New York, lawyers for the Federal Reserve Bank of New York (FRBNY) at Debevoise & Plimpton, and lawyers for the Treasury Department will make presentations on both sides of the issue.
Officials at AIG and the New York Fed confirmed that they will appear at the meeting. Click here to read more…