Hank Greenberg’s case against the U.S. government in the bailout of American International Group, the insurance behemoth he created and put on a path to catastrophic failure, ended the way it started: as an awkward, enraging and attention-grabbing combination of legal trolling and crisis-era accountability. Monday morning, Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled that the terms of the government’s $85 billion September 2008 bailout were illegal, but did not award…
Former AIG CEO Wins Case Against Government Bailout, But Won’t Get Damages
Hank Greenberg’s case against the U.S. government in the bailout of American International Group, the insurance behemoth he created and put on a path to catastrophic failure, ended the way it started: as an awkward, enraging and attention-grabbing combination of legal trolling and crisis-era accountability. Monday morning, Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled that the terms of the government’s $85 billion September 2008 bailout were illegal, but did not award…
Former AIG CEO Wins Case Against Government Bailout, But Won’t Get Damages
Hank Greenberg’s case against the U.S. government in the bailout of American International Group, the insurance behemoth he created and put on a path to catastrophic failure, ended the way it started: as an awkward, enraging and attention-grabbing combination of legal trolling and crisis-era accountability. Monday morning, Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled that the terms of the government’s $85 billion September 2008 bailout were illegal, but did not award…