Tuesday, June 16, 2015

Starr to appeal denial of AIG shareholder compensation in bailout

Starr to appeal denial of AIG shareholder compensation in bailout


Starr International Co. Inc. said Tuesday that it will appeal a federal judge's decision that although the Federal Reserve acted illegally in requiring American International Group Inc. to transfer about 80% of its equity to the government for 2008 financial assistance, the government is not required to monetarily compensate shareholders including former AIG leader Maurice R. Greenberg.

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