An update on that "audacious" Court of Federal Claims lawsuit seeking $25 billion in just compensation for a taking for the federal takeoever of AIG.
In "Greenberg Forges Ahead With Lawsuit Over A.I.G. Bailout," the New York Times reports that the case has been granted class action status, and "[i]n the amended complaint, lawyers for Mr. Greenberg argued that A.I.G.
was under pressure from its onetime largest shareholder, the federal
government, not to join the legal fight."
What the piece doesn't mention is that the plaintiff is represented by legal superstar David Boies (an "überlawyer," according to this video interview about the case), which alone should make this case interesting to follow. Here's more video, in which Boies calls the lawsuit "an easy case to litigate." In the latter video, Boies mentions the CFC's earlier order, which dismissed the due process and equal protection claim, and allowed certain of the takings claims to go forward.
Here's the Second Amended Complaint.
Second Amended Verified Class Action Complaint, Starr International Co. v. United States, No. 11-CV-00779 (...
