My Watchlist

Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

AIG Declines to Sue U.S. Government

By | More Articles
January 9, 2013 | Comments (0)

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Wednesday, insurer American International Group (NYSE: AIG  ) confirmed that it will not participate in lawsuits that Starr International has filed, arguing that the terms of the U.S. government's 2008 bailout of AIG were unfair to the company's then-shareholders.

Starr had asked AIG to support its shareholder derivative lawsuits against the U.S. government and the Federal Reserve Board of New York, or, as an alternative, to file such lawsuits itself. AIG's board has refused both proposals.

In a statement explaining its decision, AIG Chairman of the Board Steve Miller said: "America invested in 62,000 AIG employees, and we kept our promise to rebuild this great company, repay every dollar America invested in us, and deliver a profit to those who put their trust in us. To date, AIG has returned $205 billion to America, including a profit of $22.7 billion. We continue to thank America for its support."

AIG shares closed up 0.3% on Wednesday at $35.76

More Expert Advice from The Motley Fool
After bringing the financial world to its knees, most investors are wary about owning a stake in AIG today. We'll help you sort fact from fiction to determine whether AIG is a buy at today's prices in our premium analyst report on the company. Just click here now for instant access.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends, owns shares of, and has options on AIG. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

DocumentId: 2187983, ~/Articles/ArticleHandler.aspx, 5/20/2013 7:46:49 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 15,354.40 121.18 0.80%
S&P 500 1,667.47 17.00 1.03%
NASD 3,498.97 33.73 0.97%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/17/2013 4:01 PM
AIG $45.23 Up +0.32 +0.71%
American Internati… CAPS Rating: ***

Advertisement