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We've all heard that aig is pondering a suit against the usa for the vicious bailout they endured.  If you read deep into the NY times article, around about the 20th paragraph,David Boies is involved.  Basically, Maurice Greenberg is an AIG shareholder. (He was their chief exec, but left on bad terms in 2005 over some disagreements on accounting.)  He's suing the feds, and is asking AIG to join him in his suit. (The suit was dismissed in NY fed court, but the fed court in DC is awaiting AIG's to join Greenberg or pass).  AIG is resposible to its shareholders & might get sued by same if they don't consider fighting the feds.  

But David F@#king Boies? From Gore v Bush & Prop 8 to Greenberg?

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david boies

57%11 votes
36%7 votes
5%1 votes

| 19 votes | Vote | Results

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Comment Preferences

  •  lawyers are basically hired guns (3+ / 0-)
    Recommended by:
    Supavash, David54, hnichols

    sometimes they do it for love, most of the time for money

    why the surprise?

    fact does not require fiction for balance (proudly a DFH)

    by mollyd on Wed Jan 09, 2013 at 07:15:23 AM PST

  •  The Board is OBLIGATED to consider the suit (1+ / 0-)
    Recommended by:
    buckstop

    Greenberg was crooked as hell--sanctioned by the SEC for 5 years PRIOR to the AIG blowups in the financial crisis.  Calling him scum is an insult to scum.

    As a significant shareholder, if he brings a suit and claims that the shareholders will benefit by joining him, the board cannot legally just tell him to fuck off.  They have to consider it and make a judgment on whether to join or not. They do have the power to decline to join his suit.  And after due consideration they can tell him to fuck off.

    Also, I don't know when the statute of limitations runs out, but man do these guys need some serious jail time.

    •  agreed (0+ / 0-)

      Most of the focus of the aig stories has been outrage that they'd consider such a suit  (the smarmy thank you video didn't help).  I want people to look at the dirtbag who started this (Greenberg) and express my surprise (naivety?) over the Boies involvement.

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