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Press Releases

Medici Ventures Names Board of Directors

SALT LAKE CITY, May 17, 2017-- Medici Ventures, a global leader in advancing blockchain technology, announces the formation of the company’ s inaugural board of directors. Blockchain pioneer Bruce Fenton and former presidential advisor and economic policy expert Robert J. Shapiro join Medici Ventures’ President Jonathan E. Johnson III and board...

Source: Globe Newswire

US court: ex-AIG CEO hasn't right to challenge bailout

WASHINGTON— A federal appeals court has ruled that the former CEO of American International Group lacks the legal right to challenge the government's bailout of the insurance giant in the heat of the financial crisis. The next stop for the case may be the Supreme Court. In a lawsuit filed by his company, Starr International, Greenberg had alleged that the $85...

Source: The Associated Press

UPDATE 2-Ex-AIG CEO Greenberg loses appeal over 2008 bailout

May 9- A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc during the 2008 financial crisis, in a defeat for former chief executive officer Maurice "Hank" Greenberg. The Federal Circuit Court of Appeals in Washington said on Tuesday that Greenberg's Starr International Co lacked...

Source: Reuters

UPDATE 1-US appeals court rejects ex-AIG CEO's bailout challenge

The Federal Circuit Court of Appeals in Washington, D.C. reversed a lower court ruling that the government committed an "illegal exaction" by receiving a 79.9 percent AIG stake in exchange for an $85 billion loan from the Federal Reserve Bank of New York. In June 2015, it won a pyrrhic victory when Judge Thomas Wheeler of the Federal Court of Claims ruled that while...

Source: Reuters