Fed Wants Review Of FOIA Ruling On Bailout Info

Law360, New York (May 4, 2010, 5:04 PM EDT) -- The Federal Reserve Board is seeking an en banc review of a federal appeals court's ruling that it must turn over the names of banks participating in its emergency lending program to Bloomberg LP and Fox News Network LLC.

The Board of Governors of the Federal Reserve System on Monday petitioned the U.S. Court of Appeals for the Second Circuit for an en banc rehearing in two related cases, both decided March 19, in which the court rejected the Fed's claims that the information fell under...
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