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AIG will not sue U.S. over bailout terms

Insurer’s decision comes amid public and congressional outrage

Earlier this week, news broke that American International Group Inc. (AIG) was considering joining a lawsuit against the U.S. government over the terms of its multibillion-dollar bailout. Not surprisingly, the fact that AIG would even consider suing a government that forked over $182 billion in 2008 to rescue it from financial collapse was mind-boggling to many.

But everyone can breathe a sigh of relief. AIG announced yesterday it would not be joining the $25 billion suit brought by its former CEO Hank Greenberg’s company Starr International Co. Inc. because, frankly, it’s just icky.


Cathleen Flahardy

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