(Bloomberg) — Former American International Group Inc. Chairman Maurice "Hank" Greenberg claims the U.S. bailout of the insurer cheated shareholders out of at least $25 billion.
On Wednesday, the judge presiding over his lawsuit heard final arguments in the long-running case. If previous rulings and questions posed to both sides are any measure, he could be leaning toward Greenberg.
U.S. Court of Federal Claims Judge Thomas Wheeler sided with the 89-year-old executive several times during the trial. Now, he asked lawyers for both sides to address five questions, including how to measure possible harm to shareholders.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
