{"id":1231,"date":"2013-04-13T09:17:41","date_gmt":"2013-04-13T09:17:41","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/04\/aig_wants_to_stop_former_ceo_g"},"modified":"2022-03-10T16:33:42","modified_gmt":"2022-03-10T22:33:42","slug":"aig-wants-to-stop-former-ceo-g","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/aig-wants-to-stop-former-ceo-g\/","title":{"rendered":"AIG Wants to Stop Former CEO Greenberg From Naming It as a Defendant in Derivatives Lawsuit Against the US"},"content":{"rendered":"

\t\t\t\tAmerican International Group <\/a>is asking a federal judge to prevent Maurice Greenberg, its former chief executive, from suing the federal government on its behalf. The insurer had already decided it wasn’t going to file a lawsuit against the federal government over its bailout that took place during the economic crisis.<\/p>\n

Greenberg, who has filed a $25 billion securities lawsuit<\/a> against the US, is pursuing derivative claims for the company. He claims that the bailout’s “onerous” terms cost the insurer’s investors billions.<\/p>\n

While AIG isn’t trying to stop Greenberg from suing on his behalf or for other shareholders, the insurance giant has made it clear that suing the government over the rescue isn’t where it wants to focus its energy and resources. In its filing, AIG notes that according to Delaware Law, Greenberg, through Starr Investment, cannot take over the right of the AIG board to make the call on whether\/not to sue.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

American International Group is asking a federal judge to prevent Maurice Greenberg, its former chief executive, from suing the federal government on its behalf. The insurer had already decided it wasn’t going to file a lawsuit against the federal government over its bailout that took place during the economic crisis. Greenberg, who has filed a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3959,3740],"tags":[2507],"class_list":["post-1231","post","type-post","status-publish","format-standard","hentry","category-derivatives","category-miscellaneous","tag-aig"],"yoast_head":"\nAIG Wants to Stop Former CEO Greenberg From Naming It as a Defendant in Derivatives Lawsuit Against the US — Investor Lawyers Blog — April 13, 2013<\/title>\n<meta name=\"description\" content=\"American International Group is asking a federal judge to prevent Maurice Greenberg, its former chief executive, from suing the federal government on its — April 13, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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