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January 9, 2013

AIG’s former CEO’s Lawsuit Already Thrown Out By Court


The suit the former AIG CEO Greenberg wants AIG to join against the US has already been soundly rejected by a Federal Court in New York, noting that parts of it “paint a portrait of government treachery worthy of an Oliver Stone movie.”  

If you really want to know what Greenberg is up to and how utterly baseless his claims and complaint really are, read the detailed 89 page opinion first dissecting and then throwing out all of them.  (The court decision is attached below.) The court, after assuming all of Greenberg’s allegations were true, dismissed them all with prejudice, which is highly unusual and means the claims are so unworthy that he won’t even be allowed to try to rewrite and reassert them. 

For the full rundown of the AIG furor, see Ben White’ “AIG Fury Grips Washington” at Politico’s Morning Money here.



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