AIG seen picking up the tab if Greenberg wins $25 billion bailout suit
November 14, 2014 by Andrew Zajac
(Bloomberg) — The U.S. government has grounds to demand that American International Group Inc. pay any significant damages should Maurice “Hank” Greenberg win his $25 billion claim that federal officials shortchanged investors in the 2008 bailout of the insurer.
Greenberg and other investors who sued the government initially estimated damages at $25 billion. Later calculations put the figure closer to $40 billion. The smaller figure would be the equivalent of more than the twice insurer’s $9 billion in net profit last year.
Originally Posted at LifeHealthPro on November 14, 2014 by Andrew Zajac.
Categories: Industry Articles
