Ex-A.I.G. Chief Wins Bailout Suit, but Gets No Damages

June 15, 2015 5:11 PM

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Ex-A.I.G. Chief Wins Bailout Suit, but Gets No Damages

WASHINGTON — Maurice R. Greenberg, the former chief executive of the American International Group, prevailed in his lawsuit against the United States government on Monday, but a federal judge declined to award any damages.

The lawsuit, brought by Mr. Greenberg on behalf of himself and other A.I.G. shareholders, contended that the Federal Reserve overstepped its bounds when it bailed out the giant insurer in 2008, taking 79.9 percent of the company’s equity in the process. They argued that the Fed did not have the lega...

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