(Bloomberg) – The U.S. Supreme Court rejected an appeal by Maurice 'Hank' Greenberg's Starr International Co., refusing to revive its bid to sue the federal government over the $85 billion bailout of American International Group Inc. a decade ago.
The justices, without comment, left intact a federal appeals court ruling that said Starr, one of AIG's largest shareholders, doesn't have the legal right to sue the government.
|2008 bailout of AIG
The 2008 bailout saved what was then the country's biggest insurer from imminent collapse in the midst of a national housing crisis.
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