American International Group, the insurer that received one of the biggest rescue packages to come out of the financial crisis that ultimately amounted to a whopping $182 billion might join a lawsuit against the government. The company’s board of directors will hear arguments on both sides of the question of whether to join the $25 billion lawsuit, reports the Wall Street Journal. The 2011 suit, filed on behalf of a company led by AIG’s former chief executive, Maurice “Hank” Greenberg, claims the government deprived shareholders of profit and charged exorbitant interest rates. The government eventually took a 92 percent stake in the company. And when the U.S. Treasury completed its final sale of the insurer’s stock last month, it said the bailout ended with a “positive return of $22.7 billion,” notes Reuters.
