Starr International and Maurice "Hank" Greenberg have "no more than a 20 percent" chance of winning damages in their lawsuit claiming that that the government acted punitively against American International Group's shareholders when it bailed out insurance giant in September 2008, AIG's lawyers say.
Paul C. Curnin, AIG's lawyer at Simpson Thacher & Bartlett LLP, offered the opinion during the Jan. 9 meeting where AIG's board considered a request to join the Starr/Greenberg suit.
AIG ultimately decided against joining.
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