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December 17, 2015

Fact Sheet: Better Markets Goes to Court to Make Clear that AIG’s Former Executives and Shareholders Don’t Deserve Another Nickel from Taxpayers

Better Markets filed a motion in the U.S. Court of Appeals for the Federal Circuit seeking leave to submit an amicus brief supporting the government’s position in Starr International Company v. U.S. The appeal arose after former AIG CEO Hank Greenberg decided to challenge the outcome of the trial in which the Court of Claims sided with him on liability but awarded no damages. The Better Markets brief makes clear that AIG executives and shareholders do not deserve another nickel from taxpayers after they bailed out the insurance giant during the 2008 financial crisis. Better Markets is the only public interest organization to weigh in with an amicus brief in the case. 

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