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American International Group Inc May Join Bailout Lawsuit Against U.S. Government-Reuters


Tuesday, 8 Jan 2013 08:34pm EST 

Reuters reported that American International Group Inc (AIG) is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from lawmakers. A leading congressional Democrat called criticism of the deal's terms 'utterly ridiculous', and former New York Attorney General Eliot Spitzer, who probed AIG when he was in office, called the prospect of a lawsuit 'insulting to the public'. In a statement late Tuesday, AIG had no choice but to consider the demand from its former Chief Executive, Hank Greenberg, and his holding company Starr International that AIG join his lawsuit. Greenberg has sued for damages over the bailout and wants AIG to join him in challenging the 'exorbitant' terms of the government rescue. 

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