Stephen Plotnick Quoted by The Royal Gazette on AIG Not Joining Starr Lawsuit

Litigation partner Stephen M. Plotnick was quoted in the January 14 The Royal Gazette article “AIG Not Suing US Could Help Starr’s Case, Legal Expert Says,” concerning AIG’s decision not to join shareholder Starr International lawsuit against the U.S. government over the bailout of AIG.  “You read all this outrage that came out that AIG was even considering this, but all the outrage appears to come from people who don’t know what they are talking about when it comes to derivative litigation,” Plotnick said. Referring to comments made by members of Congress and federal regulators expressing anger over AIG’s consideration of Starr’s demand that it consider the lawsuit, Plotnick noted that “[i]t sets up a pretty decent argument that AIG was not able to make a valid business decision because they were too influenced by these outsiders and the threats they made.”

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