'Ask a Russian Lawyer'

http://www.futureofcapitalism.com/2009/09/ask-a-russian-lawyer

How has government ownership of AIG affected the company's litigation strategy? One reporter asked an American securities litigation expert, Joseph Grundfest of Stanford Law School, and got the following response: "I have no idea. Go ask a Russian lawyer or a Chinese lawyer." The Am Law Litigation Daily has the details, including a quote from David Boies, one of Maurice Greenberg's lawyers who successfully fended off a suit by AIG: "A private company would never have done this," says Boies about AIG's decision to try this case. "The way you deal with other people's money is sometimes different than the way you deal with your own money."

by Editor  |  Sep 8, 2009 at 10:24 am Related Topics:  AIG, China, Government ownership receive the latest by email: subscribe to the free futureofcapitalism.com mailing list