Ex-AIG CEO Greenberg says will appeal bailout ruling

Former American International Group chief executive Maurice "Hank" Greenberg will appeal a U.S. judge's ruling that awarded him and other shareholders no damages over the company's 2008 bailout, his company Starr International Co said in a statement on Tuesday. Judge Thomas Wheeler of the Court of Federal Claims in Washington, D.C. on Monday sided with Greenberg on a key legal claim, but refused Starr International's request for up to $50 billion in damages on behalf of Starr and about 270,000 other shareholders. Greenberg sued the U.S. government in 2011 arguing federal officials acted illegally in the initial $85 billion loan package to the stricken company, which included an interest rate of 14 percent and taking a nearly 80 percent stake.

Ex-AIG CEO Greenberg says will appeal bailout ruling source: http://finance.yahoo.com/news/ex-aig-ceo-greenberg-says-205608934.html