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Investments / The Ticker

Ben Bernanke will not testify in AIG case

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According to CNBC, Federal Reserve Chairman Ben Bernanke will not have to testify in the multi-billion dollar lawsuit filed by the former CEO of American International Group (AIG) against the United States over the insurer’s 2008 bailout.

The ruling, from the U.S. Court of Appeals for the Federal Circuit, overturned a lower court decision from July that said Bernanke should submit to a deposition by lawyers for former AIG CEO Maurice "Hank" Greenberg.

Deposing Bernanke while he is in office could disrupt "significant" government activities, the panel said.

Source: CNBC
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