AIG: OK, We Won't Sue You, America

Board will not join shareholders' lawsuit

By John Johnson,  Newser Staff

Posted Jan 9, 2013 2:34 PM CST

(Newser) – AIG's board of directors has apparently decided that another onslaught of bad publicity isn't worth any price. American International Group decided today that it will not join a shareholder lawsuit against the government that bailed it out, reports the Wall Street Journal. That the board was even considering such a move, even while rolling out a "thank-you America" ad campaign, enraged critics this week. The lawsuit argues that terms of the bailout were unfair to shareholders, and the board agreed to hear a presentation about it today.

The AIG logo is shown in New York.   (AP Photo/Mark Lennihan, File)
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