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AIG's bizarre news keeps coming

The New York Post reports today that,

"AIG got shut out yesterday in its latest court attempt to seize $365 million in stock held in a charity the insurance giant wants to tap so it can pay additional bonuses to AIG executives."

The paper also reveals that,

"AIG has battled for the stock on two legal fronts simultaneously, in federal and state courts, with mixed results for 3½ years, running up a legal tab nearing $100 million."

Despite the legal defeat, AIG apparently plans to fight on -- at taxpayers' expense.

Posted by manualofideas on March 24, 2009 09:54 AM |

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