Starr International Co.’s lawsuit against the Federal Reserve Bank of New York over the government bailout of American International Group Inc. was dismissed by a federal judge in New York.
Starr, an AIG shareholder headed by AIG’s founder, Hank Greenberg, claimed the government used its 2008 bailout of New York-based AIG to channel money improperly to the insurer’s trading partners. U.S. District Judge Paul Engelmayer in Manhattan federal court rejected the claims in a filing dated Nov. 16.
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