NY Fed wins dismissal of Greenberg's AIG bailout lawsuit
NEW YORK Nov 19 (Reuters) - The Federal Reserve Bank of New York won the dismissal of former American International Group Inc Chief Executive Maurice "Hank" Greenberg's $25 billion lawsuit accusing it of acting unlawfully in bailing out the insurer during the 2008 financial crisis.
U.S. District Judge Paul Engelmayer in Manhattan on Monday dismissed Greenberg's case, brought on behalf of his company Starr International Co, in full.
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video