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Greenberg fires last shots in AIG fight as trial end nears

Maurice Hank Greenbergs Starr International and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the governments bailout of AIG, setting the stage for next months closing arguments.

By Phil Milford, Bloomberg, Andrew Zajac, Bloomberg | Updated on March 24, 2015
Hank Greenberg.

(Bloomberg) — Maurice “Hank” Greenberg’s Starr International Co. and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the government’s bailout of American International Group Inc., setting the stage for next month’s closing arguments.

Starr’s lawyer, David Boies, in a brief filed Monday, repeated arguments from last fall’s trial that AIG stockholders were cheated by onerous terms of a government loan carrying an interest rate of 14% and a demand for 80% of the stock. Starr sued the U.S. in 2011 in U.S Court of Federal Claims in Washington.

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