Greenberg fires last shots in AIG fight as trial end nears
March 26, 2015 by Phil Milford, Andrew Zajac
(Bloomberg) — Maurice “Hank” Greenberg’s Starr International Co. got in some last shots over the terms of the government’s $85 billion bailout of American International Group Inc. before final arguments in the challenge set for next month.
Starr’s lawyer, David Boies, told a federal judge AIG stockholders were cheated by the loan’s onerous terms, including an interest rate of 14 percent and a demand for 80 percent of the company’s stock. The terms cost shareholders as much as $40 billion, Boies has said, arguing that AIG investors deserve that money back. Click HERE to read