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AIG May Join Shareholder Class Action Lawsuit Against US Federal Government After Emerging from Bailout

January 8, 2013
2008 financial crisis
AIG
AIG Bailout
AIG CEO
American Insurance Group
business and finance
Federal Government
Fifth Amendment
Maurice Greenberg
North America
Property Rights
Shareholder Rights
Stocks
United States
US Constitution

AIG, recovering from its $182 billion bailout from the United States federal government, is now considering joining its shareholders in a class action lawsuit against its corporate savior. Because of the fifth amendment to the United States Constitution preventing public use of private property without due compensation, former CEO Maurice “Hank” Greenberg brought forward his […]

Hewlett Packard shares sinking day after Consumer PC spin-off news.

August 19, 2011
Compaq
Downgrade
Hewlett Packard
HP
Palm
Stocks
TouchPad
WebOS

Hewlett Packard’s stock price has dropped some 20% today in a dramatic reaction to the company’s earnings and spin-off proposals yesterday, approaching a six-year low and drawing into question the strategic calculation that went into the proposal to dump Palm, TouchPad, WebOS and consumer-side PCs. The last time HP’s stock price did so poorly was […]