Hank Greenberg Still Can’t Sue The Government For That Time It Saved The Not-In-Need-Of-Saving-According-To-Hank-Greenberg AIGBy Jon Shazar
Snowflake Greenberg is going hungry tonight.
A federal appeals court has upheld the dismissal of former American International Group Inc Chief Executive Maurice “Hank” Greenberg’s lawsuit accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the 2008 financial crisis.
The 2nd U.S. Circuit Court of Appeals said “the uniquely federal interests at stake in stabilizing the national economy” justified the dismissal of claims under state fiduciary law by Starr International Co, Greenberg’s company.