Mealey's Securities/D&O Liability - Supreme Court Won't Revive AIG Shareholder Suit

Mealey's Securities/D&O Liability - Supreme Court Won't Revive AIG Shareholder Suit

WASHINGTON, D.C. - The U.S. Supreme Court on June 30 declined to revive a shareholder lawsuit against the Federal Reserve Bank of New York (FRBNY) alleging that FRBNY used its control over American International Group Inc. (AIG) in connection with a transaction involving AIG's credit default swap portfolio (Starr International Co. Inc. v. Federal Reserve Bank of New York, et al., No. 13-1316, U.S. Sup.).

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