Greenberg's Starr sees $40bn AIG bailout appeal fail

A $40bn lawsuit over the 2008 federal bailout of AIG failed to
survive a government appeal as a three-judge appellate panel ruled
against former AIG CEO Maurince "Hank" Greenberg's
Starr International today, saying it lacked standing to make the
claim.
Starr CEO Greenberg has maintained that the government's
action was illegal and constituted a taking from AIG shareholders,
including Starr, without compensation. The company was the New
York-based insurance giant's largest shareholder at the time