Authors:

  • Karthik Ramanna

Excerpt

AIG and the American Taxpayers (A). Karthik Ramanna, April 4, 2013, Case. "Explores the decision faced by AIG's board on whether to join shareholder and ex-CEO Maurice Greenberg's lawsuit against the U.S. government. The suit, argued by super-lawyer David Boies (of Bush v. Gore and California Gay Marriage fame), claims that in September 2008 the U.S. arbitrarily set aside the rights of AIG's shareholders - violating the Fifth Amendment by taking private property without just compensation - while preserving shareholder rights in other troubled financial institutions,....." May require purchase or user account. Link