Insurance giant AIG has decided it will not sue the federal government for getting a raw deal from taxpayers. “The board’s decision today was about continuing to move this company forward, not backward,” AIG's CEO Robert Benmosche said in a company memo obtained by the Times. “We as a company have kept our promise to return every dollar America invested in us, plus a substantial profit." The decision came after the government and a firm pressing the suit both gave presentations to shareholders yesterday, presumably after replacement referees for the NFL, undershirts with tags, and members of Nickelback all gave powerpoints on what a decision to sue would mean for AIG.

Starr International, a firm run by AIG's former CEO Hank Greenberg, tried to persuade AIG to join their lawsuit against the government, which alleges that taxpayers swindled AIG's shareholders out of profits (profits being the only thing that matters, even when faced with the choice between bankruptcy and existence).

But don't stop cursing AIG for unrelated problems in your life just yet: one law professor and former regulator says that the company appeared to have made up their mind, and needlessly forced the government to incur legal fees while preparing for possible litigation.

“The speed of the board decision today suggests that the remarkably unusual and expensive mock trial was a waste of time, besides insulting to the public and regulators,” Henry Hu said. “A.I.G. should, at a minimum, fully reimburse the Treasury and the Federal Reserve for all time and expense that A.I.G. has inflicted.”