Blog: The Sly Oyster

AIG uses tax payer money to sue their majority owner, in this case the US Government, to recover some $306 million in tax payments, some related to offshore tax havens. The lawsuit, filed on Feb. 27 in Federal District Court in Manhattan, details, among other things, certain tax-related dealings of the financial products unit, the once high-flying division that has been singled out for its role in A.I.G.'s financial crisis last fall. Other deals involved A.I.G. offshore entities whose function centers on executive compensation and include C. V. [...]