- Wed Jan 09, 2013 6:05 am
#16855
AIG is considering Wednesday whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse.
American International Group Inc. said its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout of the New York-based insurer.
If AIG decides to join the complaint, which seeks $25 billion in damages, it would pit the company against the government that in 2008 kept it from buckling under the weight huge losses on mortgage-backed securities and other toxic assets.
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AIG said that after Wednesday's meeting, its directors should have a decision by the end of the month.
http://www.nbcnews.com/business/economy ... -1B7905602" onclick="window.open(this.href);return false;
American International Group Inc. said its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout of the New York-based insurer.
If AIG decides to join the complaint, which seeks $25 billion in damages, it would pit the company against the government that in 2008 kept it from buckling under the weight huge losses on mortgage-backed securities and other toxic assets.
Advertise | AdChoices
AIG said that after Wednesday's meeting, its directors should have a decision by the end of the month.
http://www.nbcnews.com/business/economy ... -1B7905602" onclick="window.open(this.href);return false;
