(Reuters) – Two groups of American International Group Inc shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged losses caused by the U.S. government's bailout of the insurer.
U.S. Court of Federal Claims Judge Thomas Wheeler also appointed Greenberg's lawyer, David Boies, of Boies, Schiller & Flexner LLP, as lead counsel for the classes.
Greenberg's Starr International Co, once AIG's largest shareholder with a 12 percent stake, sued theUnited States in 2011 over what eventually became a $182.3 billion bailout for the New York-based insurer.
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