Bailed-Out Company Sues For The Right To Sue – AIG Sues NY Fed To Secure Right To Sue Bank Of America

By Jonathan Stempel

NEW YORK, Jan 11 (Reuters) – American International Group  Inc has filed a lawsuit against a vehicle created by the  Federal Reserve Bank of New York to help bail out the insurer,  in a bid to preserve its right to sue Bank of America Corp   and other issuers of mortgage debt that went sour.

The complaint filed in the New York State Supreme Court in  Manhattan seeks a declaration that AIG has not transferred  billions of dollars of “litigation claims” to Maiden Lane II,  including many related to the insurer’s $10 billion lawsuit  against Bank of America.

More:

http://www.huffingtonpost.com/2013/01/12/aig-ny-fed-bank-of-america_n_2460138.html

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