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AIG Won’t Join Shareholder Lawsuit Suing Government Over ‘Onerous’ Bailout

By Travis Waldron on January 9, 2013 at 3:05 pm

"AIG Won’t Join Shareholder Lawsuit Suing Government Over ‘Onerous’ Bailout"

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American International Group, the insurance giant that received a $182 billion federal bailout to protect it from collapse in 2008, will not join a shareholder lawsuit against the federal government over the bailout’s terms, the Wall Street Journal reported. AIG had contemplated joining the lawsuit at the request of its former chairman, Maurice Greenberg, who filed the suit in 2011. AIG paid back the loans in 2012, and it has been running a series of television advertisements thanking taxpayers for saving the company.

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