Former American International Group Chief Executive Officer Maurice “Hank” Greenberg asked a judge to reject the company’s decision not to join his lawsuit against the US over its bailout of the insurer, saying the board was coerced by government threats.
Greenberg’s Starr International Co., in an amended complaint filed in the US Court of Federal Claims, also said the board failed to conduct a full and independent review of the lawsuit Starr brought on behalf of AIG shareholders before its Jan. 9 vote. Starr asked US Claims Judge Thomas Wheeler to find the board wrongfully decided to stay out of the case.
“The US indicated it would wage a negative public relations campaign against AIG and its directors, terminate any cooperative relationship with AIG, and heavily scrutinize AIG’s SEC, tax and other filings from the 2008 to 2010 period when defendant controlled AIG,” wrote Starr’s lawyer, David Boies of Boies, Schiller & Flexner LLP.

