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SITTING THIS ONE OUT AIG Not Joining Greenberg Suit AP Photo

AIG Not Joining Greenberg Suit

Ouch. Executives at American International Group have decided not to sue the U.S. government for taking advantage of the company during the financial crisis, even though the suit is being filed on the company's behalf, sources say. Maurice "Hank" Greenberg, the group's former chief executive, filed suit for $25 billion in damages for AIG and shareholders, and asked AIG to join the suit. Allegedly, the company is hesitant about tarnishing its reputation and appearing ungrateful for the bailout. The government made close to $23 billion selling shares of the company, which it just recently got rid of.

January 9, 2013 3:27 PM