Maurice Greenberg's litigation crusade against the U.S. government lives on.
In a ruling Wednesday, U.S. Court of Federal Claims Judge Thomas Wheeler once again refused to dismiss a suit by the former chairman of American International Group Inc., who alleges that the government's takeover of AIG during the financial crisis was an illegal taking. While Wheeler did dismiss Greenberg's derivative claims brought on behalf of AIG, he allowed direct shareholder claims to proceed on behalf of a class that he certified in March. (We previously wrote about this case here and here.)
A similar case that Greenberg brought against the New York Federal Reserve Bank in Manhattan was dismissed last November.
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