BUSINESS

Ex-AIG CEO Hank Greenberg May Sue U.S. For $25 Billion Over Bailout

07/03/2012 10:32 am ET | Updated Sep 02, 2012

July 3 (Reuters) - A company run by former American International Group Inc Chief Executive Maurice "Hank" Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of the insurer unconstitutional.

Judge Thomas Wheeler of the U.S. Court of Federal Claims, in a decision issued on Monday, dismissed part of the case brought by Greenberg's company Starr International Co, but allowed other claims to proceed.

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