New York Fed wins dismissal of Greenberg's AIG bailout lawsuit

Published November 19, 2012

| Reuters

The Federal Reserve Bank of New York won the dismissal of former American International Group Inc Chief Executive Maurice "Hank" Greenberg's $25 billion lawsuit accusing it of acting unlawfully in bailing out the insurer during the 2008 financial crisis.

U.S. District Judge Paul Engelmayer in Manhattan on Monday dismissed Greenberg's case, brought on behalf of his company Starr International Co, in full.

(Reporting by Jonathan Stempel in New York; Editing by Gerald E. McCormick)