US: Fed Chairman Bernanke Should Not Testify In AIG Bailout Lawsuit


  • Business
  • Wednesday, 10 Jul 2013

NEW YORK: The Federal Reserve chairman should not testify in the lawsuit by American International Group Inc's <AIG.N> former chief Maurice "Hank" Greenberg against the United States over the insurer's 2008 bailout, the U.S. Department of Justice said.

In a Monday filing with the U.S. Court of Federal Claims, the government said Greenberg's Starr International Co failed to show the "extraordinary circumstances" needed to justify a deposition of Fed Chairman Ben Bernanke in the multibillion-dollar lawsuit.

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