Supreme Court declines to hear AIG bailout appeal News
Supreme Court declines to hear AIG bailout appeal

The US Supreme Court [official website] on Monday declined to hear [order list, PDF] the appeal of Maurice Greenberg’s Starr International Co.

The appeal argued that the federal government illegally bailed out AIG during the financial crisis of 2008 at the expense of shareholders.

Monday’s order leaves in place the 2017 ruling [JURIST report] of the US Court of Appeals for the District of Columbia Circuit, which held that Starr International Co., as shareholder, did not have legal standing to bring the claim. AIG declined to join Starr International Co. in the lawsuit.

US Solicitor General Noel Francisco had argued, “the court of appeals correctly held that the asserted claims challenging the terms of the government’s rescue of AIG belong to AIG as a whole, not to shareholders individually.”

THIS DAY @ LAW

38 Santee Sioux hanged by US for rebellion

On December 26, 1862, 38 Santee Sioux men were hanged in a mass execution for their roles in a rebellion against US authorities in Minnesota which left hundreds dead and made refugees of some 40,000 white settlers. Government annuities promised under a treaty with the Sioux had failed to arrive on schedule and credit for purchases was not advanced in the meantime, threatening the tribe with starvation. The Santee Sioux Tribe's members were deported first to South Dakota and ultimately to Nebraska, where they remain today. Learn more about the 1862 Minnesota Sioux Rebellion.

Louis XVI put on trial during French Revolution

On December 26, 1792, Romain de Sèze, a defense attorney for deposed King Louis XVI, presented a defense of his client. The former King was on trial before a French Revolutionary court on thirty-three charges, including treason and other crimes against the state. He was convicted on January 15, 1793 executed by guillotine on the following January 21.