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Finance Latest News: Bernanke to Give Deposition in AIG Bailout Lawsuit

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Finance Latest News: Bernanke to Give Deposition in AIG Bailout Lawsuit

Finance Latest News: Bernanke to Give Deposition in AIG Bailout Lawsuit
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Finance Latest News: Bernanke to Give Deposition in AIG Bailout Lawsuit

Wochit 0:57 mins

U.S. judge Thomas Wheeler has ordered that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International Group Inc. It is rare for a Fed chairman to be deposed in a lawsuit. But Judge Wheeler have said that he made an exception because Bernanke has firsthand knowledge of the government's decision to bail out AIG at the height of the financial crisis. Herbalife delivered its 18th straight earnings beat and raised its full-year guidance. Shares were up sharply in after-hours trading. U.S. stock index futures dipped as a week packed with data and central bank meetings gets under way, with the S&P 500 just 0.2 percent below its record close set a week ago.

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