Hank Greenberg Wins Trial But No Damages in AIG Bailout Suit

The U.S. set illegal terms in demanding American International Group Inc. stock for an $85 billion bailout during the financial crisis, but that doesn’t mean AIG investors deserve compensation, a court ruled. What began as a long-shot lawsuit by Hank Greenberg’s Starr International Co. gained credibility over years of failed government attempts to dismiss it. During an eight-week trial, Starr’s lawyer David Boies grilled Ben Bernanke, Hank Paulson and Timothy Geithner, and U.S. Court of Claims Judge Thomas Wheeler repeatedly ruled in Greenberg’s favor.

Hank Greenberg Wins Trial But No Damages in AIG Bailout Suit source: http://finance.yahoo.com/news/hank-greenbergs-starr-wins-trial-154346148.html