AIG sues New York Fed over lawsuit rights
- Published: 13 Jan 2013 at 12.45
- Online news: World
American International Group has filed a lawsuit against an investment structure created by the Federal Reserve Bank of New York to help bailout the insurer, in a bid to sue mortgage debt issuers.
Protesters rally outside the AIG offices March 19, 2009 in Washington, DC. American International Group has filed a lawsuit against an investment structure created by the Federal Reserve Bank of New York to help bailout the insurer, in a bid to sue mortgage debt issuers.
According to the complaint filed in the New York State Supreme Court in Manhattan, AIG is seeking a declaration that the bailed out insurance giant has not abandoned its right to file suit against banks and other creditors by selling residential mortgage-backed securities to Maiden Lane II in 2008.
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