DC Circ. Won't Force Fed To Release Bear Stearns Docs

Law360, New York (June 3, 2011, 3:07 PM EDT) -- The D.C. Circuit refused on Friday to force the Board of Governors of the Federal Reserve System to release records related to the 2008 rescue of Bear Stearns Cos. Inc.

A three-judge panel for the appeals court said the information sought by a former Federal Deposit Insurance Corp. official fell under exemptions to the Freedom of Information Act. Forcing the Fed to release the records could hurt its ability to perform its functions in the future, the appeals court said.

"If supervised institutions no longer believe...
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