AIG could fall 3.5% if Greenberg wins, Credit Suisse says
April 27, 2015 by Sonali Basak
(Bloomberg) — American International Group Inc. (AIG) could fall as much as 3.5 percent if former Chairman Maurice “Hank” Greenberg wins a lawsuit against the U.S. tied to the insurer’s 2008 bailout, Credit Suisse Group AG said.
The estimate is based on Greenberg’s Starr International Co. having a 30 percent chance of winning a case in which he contends that the rescue cheated shareholders out of at least $25 billion.
The risk to AIG is that U.S. Court of Federal Claims Judge Thomas Wheeler rules in Greenberg’s favor, and the government seeks to recover funds from the insurer. Click HERE to read article