The Traderszone Network

Published in TZ Latest News 16 June, 2015 by The TZ Newswire Staff

Ex-AIG CEO Greenberg says will appeal bailout ruling

Former American International Group chief executive Maurice “Hank” Greenberg will appeal a U.S. judge’s ruling that awarded him and other shareholders no damages over the company’s 2008 bailout, his company Starr International Co said in a statement on Tuesday. Judge Thomas Wheeler of the Court of Federal Claims in Washington, D.C. on Monday sided with Greenberg on a key legal claim, but refused Starr International’s request for up to $50 billion in damages on behalf of Starr and about 270,000 other shareholders. Greenberg sued the U.S.

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