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Litigation

: Structured Settlements 4Real

Hartford Repays TARP Money

By John Darer

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Top of the morning to you Liam E. McGee, the Chairman, President and CEO of Hartford Financial Services Group, Inc. which announced March 31, 2010 that it has REPAID its US government bailout of $3.4 billion it took in June 2009. The company repurchased all of Hartford Financial Sevices Group's preferred shares issued to the United States Treasury under the Capital Purchase Program (a/k/a Troubled Asset Relief Program, a/k/a TARP).

The government still holds warrants for about 52 million shares of Hartford common stock at an initial exercise price of $9.79 per share.

Hopefully this is good news for Hartford Life insurance policyholders and structured settlement annuitants.

Hartford Announces New CEO September 29, 2009

Full post as published by Structured Settlements 4Real on April 01, 2010 (boomark / email).

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