Bloomberg LP v. The Board of Governors of the Federal Reserve
- Case Date: 12/14/2009
- Project Name: Civil Justice Reform
On March 19, 2010, the U.S. Court of Appeals for the Second Circuit affirmed a New York district courtís decision ordering the Federal Reserve to release over 231 pages of documents under the Freedom of Information Act (FOIA). The Federal Reserve had unsuccessfully appealed the lower courtís ruling, which ordered the Fed to reveal the details of taxpayer funded bailouts of key financial institutions. The decision was a victory for WLF, which filed a brief in support of the district courtís holding that the information sought by Bloomberg News was not entitled to protection. The appeals courtís ruling vindicates the principal policy behind FOIAĖenabling an informed citizenry to hold its government accountable. WLF applauded the appeals court for upholding both the spirit and letter of FOIA.
|Victory; Supreme Court review denied on March 21, 2011.|
More Information and Downloads:
12/14/2009: Download the Brief
Litigation Update: Appeals Court Compels Disclosure of Bailout Beneficiaries Under FOIA