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Saturday, February 24, 2024
Courthouse News Service
Saturday, February 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Starr International Co. Inc. v. Federal Reserve Bank of New York

AIG shareholders claim they lost tens of billions of dollars because the Federal Reserve imposed "discriminatory, unprecedented and inconsistent" terms on help it offered the bank compared to other firms at the time, such as requiring 14.5 percent interest rates and 80 percent in equity for an $85 billion line of credit.

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