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AIG bailout lawsuit dismissal upheld

Court room

A US court has upheld a verdict dismissing a lawsuit from Maurice “Hank” Greenberg challenging the Federal Reserve Bank of New York bail out of AIG in 2008.

Greenberg had argued that the bailout of the insurer was unlawful, and represented an unfair deal for AIG shareholders as it forced the insurer to unwind bets on mortgage debt through hundreds of

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