Bloomberg News

AIG Vote Against Lawsuit Was ‘Right Result,’ U.S. Treasury Says

January 09, 2013

American International Group Inc. (AIG:US) 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

To contact the editor responsible for this story: Dan Kraut at

The Good Business Issue

Companies Mentioned

  • AIG
    (American International Group Inc)
    • $56.28 USD
    • -0.16
    • -0.28%
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