Friday, August 16, 2013

Reuters: Regulatory News: U.S. asks reversal of ruling Bernanke must testify in AIG lawsuit

Reuters: Regulatory News
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U.S. asks reversal of ruling Bernanke must testify in AIG lawsuit
Aug 16th 2013, 21:10

WASHINGTON | Fri Aug 16, 2013 5:10pm EDT

WASHINGTON Aug 16 (Reuters) - The U.S. Justice Department on Friday asked an appeals court to reverse a judge's ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group Inc's (AIG.N) 2008 bailout.

Bernanke cannot be forced to sit for a deposition because high-ranking U.S. government officials are generally protected from getting drawn into time-consuming civil litigation, the Justice Department said in its petition.

The petition was filed in the U.S. Court of Appeals for the Federal Circuit in Washington.

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