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Former AIG CEO sues U.S. for $25 billion

Greenberg claims the 2008 federal takeover was unconstitutional

Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., took aim at the U.S. government and the Federal Reserve Bank of New York, filing a lawsuit Monday for $25 billion and claiming the 2008 federal takeover of AIG was unconstitutional.

At the height of the financial crisis, the government made about $182.3 billion in bailout money available to the floundering insurer. And last year, the Treasury Department increased that number to 92.1 percent after converting its preferred shares into common shares.

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