Already a Bloomberg.com user?
Sign in with the same account.
American International Group Inc
American International Group Inc. (AIG) made the proper decision to opt against joining the insurer’s former chief executive officer in a lawsuit against the U.S. over the company’s 2008 bailout, the Treasury Department said.
The vote by New York-based AIG’s board was the “right result,” said Timothy Massad, assistant secretary for financial stability, in an e-mailed statement today. “It is consistent with AIG’s determination to rebuild the company, repay taxpayers, and move forward.”
To contact the reporter on this story: Elizabeth Bunn in New York at Ebunn11@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at email@example.com