A federal court in Washington has cleared the way for Maurice Greenberg, former head of American International Group, to further pursue his claim that the U.S. government illegally took control of AIG in 2008.
Greenberg is chairman and managing director of Starr International, which once held a 12 percent stake in AIG. Greenberg himself resigned his position at AIG in 2005 under pressure from New York attorney general Eliot Spitzer's multiple allegations of fraudulent business practices at AIG.
Judge Thomas Wheeler of the U.S. Court of Federal Claims said that Greenberg, on behalf of all shareholders of AIG at the time, had met the minimum standard to further pursue his claims.
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