High Court Rejects Banks' Appeal Of Fed FOIA Ruling

Law360, New York (March 21, 2011, 4:38 PM EDT) -- The U.S. Supreme Court on Monday rejected a group of major banks' bid to block the Federal Reserve from releasing information on 2008 emergency loans to news organizations including Fox News Network LLC and Bloomberg LP.

The high court denied Clearing House Association LLC's twin petitions for writs of certiorari.

The association urged the high court in November to reverse the U.S. Court of Appeals for the Second Circuit’s decision that the materials the news organizations requested weren’t exempt under the Freedom of Information Act, arguing...
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