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STARR INTERN. CO., INC. v. FEDERAL RESERVE BANK

No. 12-5022-cv.

742 F.3d 37 (2014)

STARR INTERNATIONAL COMPANY, INC., individually and derivatively on behalf of American International Group, Inc., Plaintiff-Appellant v. FEDERAL RESERVE BANK OF NEW YORK, Defendant-Appellee, and American International Group, Inc., a Delaware corporation, Nominal Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided: January 29, 2014.

Attorney(s) appearing for the Case

David Boies ( Robert J. Dwyer , Boies, Schiller & Flexner LLP, New York, NY, and John L. Gardiner , Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY, on the brief), Boies, Schiller & Flexner LLP, Armonk, NY, for Plaintiff-Appellant.

John S. Kiernan ( Gary W. Kubek , Jennifer E. Spain , Nicholas C. Tompkins , David B. Noland , Thomas C. Baxter, Jr. , Shari Leventhal , and Meghan McCurdy , Federal Reserve Bank of New York, on the brief), Debevoise & Plimpton LLP, New York, NY, for Defendant-Appellee.

Joseph S. Allerhand ( Stephen A. Radin and Jamie L. Hoxie , on the brief), Weil, Gotshal & Manges LLP, New York, NY, for Nominal Defendant-Appellee.

Before: WALKER, LIVINGSTON, and CHIN, Circuit Judges.

JOHN M. WALKER, JR., Circuit Judge:

Starr International Co. ("Starr") appeals from the judgment of the United States District Court for the Southern District of New York (Paul A. Engelmayer, District Judge), dismissing its claims against the Federal Reserve Bank of New York ("FRBNY") for breach of fiduciary duty in its rescue of American International Group, Inc. ("AIG") during the fall 2008 financial crisis. Starr Int'l Co. v. Fed. Reserve Bank of N.Y....

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