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Article: AIG's lead attorney: expect an appeal.(Briefing: Highlights From BestWeek)(American International Group Inc.)(Starr International Company Inc.)(Brief article)
- Article from:
- Best's Review
- Article date:
- August 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An appeal of the judge's ruling in the federal civil suit between American International Group Inc. and Starr International Co. is almost certain, one of AIG's lead attorneys has indicated.
"This case has a long way to go before it is over, and until all appeals are exhausted, it is premature to engage in postmortems," said Ted Wells, AIG's lead attorney in the suit over control of a large bloc of AIG stock. Wells was responding to comments made by Lee S. Wolosky, who represents SICO in the case, claiming that AIG used a failed strategy by making former AIG chairman ...