‘‘The board’s decision not to join Starr International’s lawsuit is the right result,’’ Timothy G. Massad, Assistant Secretary for Financial Stability, said in a statement. ‘‘It is consistent with AIG’s determination to rebuild the company, repay taxpayers, and move forward.’’
In November, AIG reported a third-quarter profit of nearly $2 billion thanks to strength in its insurance operations and investment returns. In the same period a year earlier it lost $4 billion.
AIG stock closed up 11 cents, or 0.3 percent, to $35.76 in Wall Street trading today. The stock has gained more than sixfold since bottoming out at $5.86 in March 2009.