Thomas Russo Offered GC Job at AIG

AIG has extended an offer letter to Patton Boggs senior counsel Thomas Russo for the position of general counsel. Russo, who was general counsel at Lehman Brothers during its 2008 bankruptcy, is expected to accept pending talks between AIG and the Treasury Department’s pay czar, Kenneth Feinberg.

AIG is looking for a new GC after Anastasia Kelly left the firm over pay cuts imposed by Feinberg. AIG is currently holding $180 billion in government investments.