2nd Circ. Halts Release Of Fed Bailout Docs

Law360, New York (October 6, 2009, 6:01 PM EDT) -- The U.S. Court of Appeals for the Second Circuit ruled Tuesday to stay a lower court order that the Federal Reserve must hand over the names of banks participating in its emergency lending program to financial news service Bloomberg LP.

The Board of Governors of the Federal Reserve System is appealing a decision handed down in August by the U.S. District Court for the Southern District of New York that ordered the central bank to release identifying data about participants in bailout programs that have funneled...
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