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Boies, Schiller & Flexner Report - July 2015

Ruling for Starr International Companies

Boies, Schiller & Flexner Chairman David Boies and a team of lawyers from the Firm won what many had considered an against-the-odds victory in a case against the U.S. government for illegally taking over insurer AIG in the financial crisis of 2008. Judge Thomas Wheeler ruled on June 15, 2015, that the government violated the law when it took a controlling stake in AIG. “The government’s unduly harsh treatment of AIG in comparison to other institutions seemingly was misguided and had no legitimate purpose,” Judge Wheeler wrote in his ruling for Starr International Companies. Early in the case, many legal observers anticipated an easy win for the government, but Mr. Boies and his team overcame that during a trial before Judge Wheeler in the U.S. Court of Federal Claims last fall. Questioning former Fed Chairman Ben Bernanke and former Treasury Secretary Timothy Geithner, the Boies, Schiller & Flexner team also shed light on the inner workings of the government in the financial crisis. Bloomberg News said “the ruling solidifies Mr. Boies’s reputation for winning long-shot cases,” while the Wall Street Journal described Mr. Boies as “one of the best trial lawyers in the country.” The court denied plaintiffs’ claims for damages, based on a legal ruling that is now on appeal. The trial team included Bob Silver, Alanna Rutherford, Amy Mauser, Bob Dwyer, Jeremy Vest, William Bloom, Abby Dennis, Julia Hamilton, Laura Harris, James Kraehenbuehl, Ilana Miller, John Nicolaou, Matthew Schmitten, Mat Schutzer, Matt Shahabian, David Simons, and Craig Wenner. Also Carl Goldfarb, Bill Dzurilla, Aaron Marcus, and Bret Vallacher.

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