AIG won't sue U.S. over bailout


Published Jan 10, 2013 at 04:00AM / Updated Nov 19, 2013 at 12:31AM

Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the federal government over the $182 billion bailout that saved the giant insurance company from collapse.

American International Group Inc. was put in the awkward position of having to consider joining a lawsuit brought against Uncle Sam by its former CEO, Maurice “Hank” Greenberg.

The suit claims that the terms of the taxpayer-funded bailout were too onerous.