Bernanke Doesn't Have to Testify in AIG Bailout Lawsuit

A U.S. court has ruled that Federal Reserve Chairman Ben Bernanke needn't answer questions in a lawsuit filed by the former head of American International Group Inc. until he leaves office in January.

The U.S. Court of Appeals for the Federal Circuit also ordered Wednesday that ex-CEO Hank Greenberg's company would have to make a strong case that it needs to question Bernanke in order to do so after the Fed chairman's term ends. The company, Starr International, hasn't shown the "extraordinary circumstances" to justify it, a three-judge panel said.

The action reversed a July ruling in Greenberg's favor by a judge in the U.S. Court of Federal Claims. It is rare for a Fed chairman to be deposed in a lawsuit while in office...


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