Davis Polk, Weil Gotshal, and Sullivan lead on new AIG bailout

March 3, 2009 The American International Group (AIG) lost a record sum of $99 billion in 2008. To save the US insurance giant, the Treasury Department yesterday agreed to another $30 billion government bailout.

Davis Polk & Wardwell advised the federal government on the newest round of bailout talks, while Sullivan & Cromwell and Weil, Gotshal & Manges served as counsel to AIG.

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