Is a U.S. Government Bailout and Subsequent Sale of a Majority Equity Interest an Illegal Exaction?
Author: Kevin A. Diehl.
Source: Volume 31, Number 01, Fall 2017 , pp.45-48(4)
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Abstract:
The author addresses the facts at issue, relevant authorities, interplay of federal and state rules, and the lower court and appellate decisions in Starr International Co., Inc. v. United States. He then suggests some planning options for shareholders in possible future cases.Keywords: government bailout, AIG, Federal Reserve, illegal exaction, third-party standing
Affiliations:
1: Western Illinois University.