Federal Reserve Chairman Ben Bernanke can be questioned for a class
action challenging the government's 2008 bailout of American
International Group, a U.S. judge ruled.
Judge Thomas Wheeler of the U.S. Court of Federal Claims ordered the deposition of Bernanke by lawyers for AIG shareholders, including lead plaintiff Starr International Co.
The shareholders say the bailout constituted an unconstitutional government "taking," and Bernanke's testimony would help unravel the decision-making process leading up to the bailout.
Wheeler agreed.
"Mr. Bernanke repeatedly has acknowledged that he was a key decision-maker on behalf of the government, and his testimony unquestionably is relevant to the Fifth Amendment taking and illegal exaction claims before the court," he wrote.
http://www.courthousenews.com/2013/07/30/59824.htm
Judge Thomas Wheeler of the U.S. Court of Federal Claims ordered the deposition of Bernanke by lawyers for AIG shareholders, including lead plaintiff Starr International Co.
The shareholders say the bailout constituted an unconstitutional government "taking," and Bernanke's testimony would help unravel the decision-making process leading up to the bailout.
Wheeler agreed.
"Mr. Bernanke repeatedly has acknowledged that he was a key decision-maker on behalf of the government, and his testimony unquestionably is relevant to the Fifth Amendment taking and illegal exaction claims before the court," he wrote.
http://www.courthousenews.com/2013/07/30/59824.htm
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