Ex-AIG CEO's $25bn bailout lawsuit to go ahead


A federal judge has rejected the United States' bid to dismiss a more than $25bn lawsuit filed by Maurice 'Hank' Greenberg, the former chief executive of American International Group Inc, over the insurer's government bailout, clearing the way for a September 29 trial.

AIG cuts workforce by 3% after earnings beat

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American International Group reported quarterly earnings and revenue that easily beat analysts' expectations on Thursday and announced it will cut its workforce by 3 percent because of a charge taken in the fourth quarter.

Bernanke won't be forced to testify in AIG lawsuit

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Federal Reserve Chairman Ben S. Bernanke can’t be forced to testify in a lawsuit against the U.S. brought by Maurice 'Hank' Greenberg over the government’s bailout of American International Group (AIG), a federal appeals court ruled.